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ALISO VIEJO, CA-Locally based Sunstone Hotel Investors Inc.’s third quarter portfolio benefitted from solid demand trends and continued improvements in operational efficiency, according to the firm’s president and CEO, Ken Cruse. “Those factors helped drive a 130-basis-point increase in our Comparable Hotel EBITDA Margin and a 15% increase in our Adjusted FFO per diluted share,” he says.

Also during the third quarter, Cruse explains, the firm continued to improve its portfolio quality while deleveraging its balance sheet by acquiring an unlevered primary-market hotel and divesting of four highly levered, low-RevPAR secondary-market hotels.

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