Sunstone Hotel Investors is a real estate investment trust. The company, through its 100% controlling interest in Sunstone Hotel Partnership, LLC (the Operating Partnership), of which the company is the sole managing member, and the subsidiaries of the Operating Partnership, including Sunstone Hotel TRS Lessee, Inc. (the TRS Lessee) and its subsidiaries, is engaged in acquiring, owning, asset managing and renovating or repositioning hotel properties, and may also selectively sell hotels. Most of the company's hotels are operated under brands such as Marriott, Hilton and Hyatt. Also, the company's hotels are operated by third-party managers under long-term management agreements with the TRS Lessee or its subsidiaries.
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