Hotel stocks mixed after Sunstone default on San Diego W Hotel

06/8/2009 | Forbes

Sunstone Hotel Investors' announcement that it will turn the keys to a W Hotel in San Diego over to its lenders resulted in mixed hotel stock trading on Monday. The REIT announced on Sunday that it would default on the June mortgage payment for the 258-room hotel, and analysts said they would not be surprised to see more companies return keys to lenders on secured hotel loans.

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