Sunstone Hotel Investors Provides Update On First Quarter And Full-Year 2020 Guidance
Sunstone Hotel Investors, Inc. Sunstone Hotel Investors, Inc. Common Shares (SHO)
Last sunstone hotel investors, inc. sunstone hotel investors, inc. common shares earnings: 2/18 04:15 pm
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Source: PR Newswire
IRVINE, Calif., March 5, 2020 /PRNewswire/ -- Sunstone Hotel Investors, Inc. (the "Company" or "Sunstone") (NYSE: SHO), the owner of Long-Term Relevant Real Estate® in the hospitality sector, today announced that due to uncertainty related to the ultimate impact on travel demand resulting from the COVID-19 virus outbreak, the Company is withdrawing its first quarter and full-year 2020 guidance. On February 18, 2020, as part of the Company's full-year 2019 earnings report, Sunstone provided first quarter and full-year 2020 guidance for certain operational and earnings metrics. Included in this guidance was approximately $1 million of lost revenue resulting primarily from known group customer cancelations related to COVID-19. Since the time this guidance was provided, the Company has experienced a material increase in expected lost revenue from group customer cancelations, which, as of today's date, have increased to approximately $11 million. The majority of the lost revenue is relat
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SHO
Earnings
- 2/23/24 - Beat
SHO
Sec Filings
- 4/11/24 - Form DEFA14A
- 3/20/24 - Form ARS
- 3/20/24 - Form DEFA14A
- SHO's page on the SEC website