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Sunstone Hotel Investors Inc (SHO) Q1 2021 Earnings Call Transcript


Sunstone Hotel Investors Inc (SHO) Q1 2021 Earnings Call Transcript
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Sunstone Hotel Investors Inc (NYSE: SHO)
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Operator
Good morning, ladies and gentlemen, and thank you for standing by. Welcome to the Sunstone Hotel Investors First Quarter 2021 Earnings Call. [Operator Instructions] I would like to remind everyone that today this conference is being recorded today, May 4, 2021 at 12:00 p.m. Eastern Time.
I will now turn the presentation over to Mr. Aaron Reyes, Senior Vice President and Treasurer. Please go ahead, sir.SPONSORED:
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Sunstone Hotel Investors Reports Results For First Quarter 2021


Sunstone Hotel Investors Reports Results For First Quarter 2021
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IRVINE, Calif., May 3, 2021 /PRNewswire/  Sunstone Hotel Investors, Inc. (the Company or Sunstone ) (NYSE: SHO), the owner of Long-Term Relevant Real Estate® in the hospitality sector, today announced results for the first quarter ended March 31, 2021.
First Quarter 2021 Operational Results (as compared to First Quarter 2020):
Resumption of Hotel Operations: 15 of the Company s 17 hotels were in operation for the entirety of the first quarter 2021.
Net Loss: Net loss was $55.3 million as compared to $162.5 million.
17 Hotel Portfolio RevPAR: 17 Hotel Portfolio RevPAR decreased 69.5% to $42.19.
Adjusted EBITDA
re, excluding noncontrolling interest decreased 203.7% to $(14.7) million. ....

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