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AI brief of an SEC Form 8-K · Sunstone Hotel Investors (SHO)

Sunstone cuts 2024 outlook by $0.06 per share on San Diego hotel labor disruption

Negative Impact 4 of 5 guidance Written later

Sunstone Hotel Investors said a labor dispute at its 1,190-room Hilton San Diego Bayfront disrupted business from September and cancelled group events, so it now expects lower full-year 2024 results than its August outlook. The union ratified a renewed contract on October 9, 2024, and the hotel has resumed normal operations. Shareholders face a lower 2024 outlook, with a full update due with third-quarter results on November 12, 2024.

Key points

  • Full-year 2024 total portfolio RevPAR growth expected 125 to 150 basis points lower than prior outlook
  • Adjusted EBITDAre expected $11 million to $13 million lower; Adjusted FFO per diluted share about $0.06 lower
  • Union ratified renewed contract on October 9, 2024; hotel has resumed normal operations
  • Third-quarter 2024 earnings release scheduled for November 12, 2024

The filing

CompanySunstone Hotel Investors (SHO)
Form8-K, current report
Filed with the SECOct 10, 2024, 4:32 PM ET
Accession number0001558370-24-013242

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 6:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 10, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.