Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SAN FRANCISCO-Aliso Viejo, CA-based Sunstone Hotel Investors has completed the acquisition of the 802-room Hyatt Regency San Francisco hotel. The gross purchase price was $262.5 million or approximately $327,000 per key.

The acquisition was funded with proceeds from the company’s November 1, 2013 issuance of common stock, as GlobeSt.com previously reported. And in the earlier article, we wrote that as of Sept. 30, 2013, the company had approximately $184.4 million of cash and cash equivalents, including restricted cash of $84.1 million. Adjusting for the funds received from the company’s offering and the funds used to purchase the Hyatt Regency San Francisco, the company’s pro forma cash balance as of September 30, 2013 was approximately $193.1 million of cash and cash equivalents, including restricted cash of $84.1 million.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.