Sunstone Hotel Investors Announces Tax Treatment of Its 2012 Dividends

    Sunstone Hotel Investors Announces Tax Treatment of Its 2012 Dividends

PR Newswire

ALISO VIEJO, Calif., Jan. 31, 2013

ALISO VIEJO, Calif., Jan. 31, 2013 /PRNewswire/ --Sunstone Hotel Investors,
Inc. (the "Company") (NYSE: SHO) announced today the following tax treatment
of its 2012 distributions to its Series A and Series D preferred shareholders.

                                                       Total         2012
Security  CUSIP      Ticker   Record Date  Payable     Distribution  Taxable
                                           Date        per Share     Dividends
                                                                     per Share
Series A  867892200  SHO/PRA  3/31/2012    4/15/2012   $ 0.500000    $ 
                                                                     0.500000
Series A  867892200  SHO/PRA  6/30/2012    7/15/2012   $ 0.500000    $ 
                                                                     0.500000
Series A  867892200  SHO/PRA  9/30/2012    10/15/2012  $ 0.500000    $ 
                                                                     0.500000
Series A  867892200  SHO/PRA  12/31/2012   1/15/2013   $ 0.500000    $ 
                                                                     0.500000
Series D  867892507  SHO/PRD  3/31/2012    4/15/2012   $ 0.500000    $ 
                                                                     0.500000
Series D  867892507  SHO/PRD  6/30/2012    7/15/2012   $ 0.500000    $ 
                                                                     0.500000
Series D  867892507  SHO/PRD  9/30/2012    10/15/2012  $ 0.500000    $ 
                                                                     0.500000
Series D  867892507  SHO/PRD  12/31/2012   1/15/2013   $ 0.500000    $ 
                                                                     0.500000

Shareholders are encouraged to consult with their personal tax advisors as to
their specific tax treatment of the Company's distributions.

About Sunstone Hotel Investors:

Sunstone Hotel Investors, Inc. ("Sunstone") is a lodging real estate
investment trust ("REIT") that, adjusted for the transactions noted herein,
has interests in 26 hotels comprised of 11,632 rooms. Sunstone's hotels are
primarily in the upper upscale segment and are generally operated under
nationally recognized brands, such as Marriott, Hilton, Hyatt, Fairmont, and
Sheraton. For further information, please visit Sunstone's website at
www.sunstonehotels.com.

Sunstone's mission is to create meaningful value for our stockholders by
becoming the premier hotel investment company. Our values include
transparency, trust, ethical conduct, communication and discipline. We seek to
employ a balanced, cycle-appropriate corporate strategy that encompasses the
following:

  oProactive portfolio management;
  oIntensive asset management;
  oDisciplined external growth; and
  oMeasured balance sheet improvement.

For Additional Information:
Bryan Giglia
Senior Vice President – Corporate Finance
Sunstone Hotel Investors, Inc.
(949) 382-3036

SOURCE Sunstone Hotel Investors, Inc.

Website: http://www.sunstonehotels.com