Sunstone Hotel Investors agrees to sell Hyatt Regency San Francisco to Blackstone Real Estate for $279 million

Blackstone Inc.
Sunstone Hotel Investors, Inc.

Blackstone Inc.

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Sunstone Hotel Investors, Inc.

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  • Sunstone Hotel Investors entered a definitive agreement to sell the 821-room Hyatt Regency San Francisco to Blackstone Real Estate funds for USD 279 million.
  • Price implies about USD 340,000 per key, a 21.4x multiple on trailing 12-month Hotel Adjusted EBITDAre, a 3.5% cap rate on NOI.
  • Nearly USD 70 million of expected proceeds were used in 2026 to repurchase stock, including 4,400,000 common shares for USD 40.5 million.
  • Buybacks also included 1,400,000 combined shares of Series H and Series I preferred for USD 27.8 million.
  • Closing is expected in late July or early August.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sunstone Hotel Investors Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202606230730PR_NEWS_USPR_____LA89199) on June 23, 2026, and is solely responsible for the information contained therein.

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