Sunstone pursues acquisitions, deleveraging and liquidity

11/10/2009 | GlobeSt.com

While it maneuvers to improve liquidity and cuts back its debt load, Sunstone Hotel Investors is stepping up its hunt for hotel acquisitions. "I'm spending about a third of my time now on acquisitions," the hotel REIT's CEO, Art Buser, said in the company's quarterly earnings conference call. He said the REIT has presented four expressions of interest in property acquisitions to prospective sellers in recent weeks.

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