Sunstone Plans Offering
SAN CLEMENTE —
Sunstone Hotel Investors Inc. is planning to sell up to $200 million of common and preferred stock and warrants, according to documents filed Wednesday with the Securities and Exchange Commission.
The real estate investment trust, which owns hotels in the West, said it plans to use the proceeds to acquire additional hotels, renovate existing properties and repay debt.
The offering also was filed as a shelf registration.
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