Sunstone Hotel Investors (SHO) 2014年年度报告「NYSE」.pdf

1、14BUILDING SHAREHOLDER VALUE THROUGH ALL PHASES OF THE LODGING CYCLE2014 ANNUAL REPORT14BUILDING SHAREHOLDER VALUE THROUGH ALL PHASES OF THE LODGING CYCLE2014 ANNUAL REPORT30 HotelsINSTITUTIONAL-QUALITY,UPPER-UPSCALEHilton San Diego BayfrontBuilding ExteriorDoubletree Guest Suites Times SquareRenova

2、ted Lobby/Bar14,306 RoomsWITH CONCENTRATIONS IN TOP LODGING MARKETS14,306 RoomsWITH CONCENTRATIONS IN TOP LODGING MARKETS$5 Billion ValueMarriott WaileaBuilding ExteriorEMPHASIZING LOW LEVERAGEAND HIGH FLEXIBILITY$1612108611/111/123/125/127/129/1211/121/133/1314A COMMITMENT TO OUR STATED PLAN:CAREFU

3、LLY BUILD SHAREHOLDER VALUE.6/4/12Acquired 419-room Hyatt Chicago Magnificent Mile9/14/12Sold 350-room Marriott Troy,257-room Hilton Del Mar,229-room DoubleTree Minneapolis 1/22/13Redeemed all$58 million outstanding 4.6%Senior Exchangeable Notes8/23/12Sold 284-room Marriott Del Mar2/1/13 and 2/15/13

4、Completion of follow-on equity offering with$295 million of net proceeds7/19/12Acquired 361-room Hilton Garden Inn Chicago Downtown/Magnificent Mile1/25/13Sold 1,222-room Rochester Portfolio3/1/13Redemption of all$176 million outstanding 8.00%Series A Preferred Stock$1612108611/111/123/125/127/129/1

5、211/121/133/13146/4/12Acquired 419-room Hyatt Chicago Magnificent Mile9/14/12Sold 350-room Marriott Troy,257-room Hilton Del Mar,229-room DoubleTree Minneapolis 1/22/13Redeemed all$58 million outstanding 4.6%Senior Exchangeable Notes8/23/12Sold 284-room Marriott Del Mar2/1/13 and 2/15/13Completion o

6、f follow-on equity offering with$295 million of net proceeds7/19/12Acquired 361-room Hilton Garden Inn Chicago Downtown/Magnificent Mile1/25/13Sold 1,222-room Rochester Portfolio3/1/13Redemption of all$176 million outstanding 8.00%Series A Preferred Stock5/137/139/1311/131/143/147/145/1411/149/14A C