Sunstone reports 15% decline in revenue per available room

03/17/2009 | Forbes

Sunstone Hotel Investors reports that its revPAR declined nearly 15% to $99.62 in February, compared with the same period a year ago. The company said it bought back $64 million worth of its operating partnership's 4.6% exchangeable senior notes due in 2027 for $30.4 million, and that it is working to reduce expenses while boosting cash flow.

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