Sunstone Hotel Investors Announces the Sale of the Marriott Napa, California for Gross Proceeds of $36.0 Million

Sunstone Hotel Investors, Inc. (NYSE:SHO) announced today the sale of the 274-room Marriott located in Napa, California for gross sale proceeds of $36.0 million. Sunstone estimates that the property would require approximately $6 million in near-term renovation expenditures to comply with Marriott brand standards.