Sunstone Hotel Investors Raises Credit Line
SAN CLEMENTE —
Real estate investment trust Sunstone Hotel Investors Inc. said its line of credit with Bank One, Arizona, was increased to $50 million from $30 million.
The larger, lower-cost credit line is expected to reduce the cost of further acquisitions, Sunstone said. The $50 million includes $5 million allocated for development costs and $5 million for working capital purposes.
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