Sunstone sells San Francisco Hyatt for $279M, repurchases $68M in stock at discount

Filed June 23, 2026 · Period ending June 23, 2026 · ~1 min read

Key Changes

• high

  Agreed to sell 821-room Hyatt Regency San Francisco to Blackstone for $279M ($340K/key), representing 21.4x trailing EBITDA and 3.5% cap rate; closing expected late July or early August 2026.

  Item 7.01 — Regulation FD Disclosure verify on EDGAR →
• high

  Deployed $68.3M of anticipated proceeds to repurchase 4.4M common shares at $9.24/share ($40.5M) and 1.4M preferred shares at $20.37/share ($27.8M), characterized as accretive buybacks at discounts to NAV.

  Exhibit 99.1 verify on EDGAR →
• medium

  Hotel generated $104.5M revenue and $13.0M adjusted EBITDA for trailing twelve months ending May 31, 2026, with $9.9M net operating income after FF&E reserve.

  Exhibit 99.1 verify on EDGAR →