Deals
Trinity Investments Has Expressed Interest in Buying Sunstone REIT
- Firm discussed paying about $13 a share for hotel owner
- Talks between the companies are not currently active
Photographer: Marco Bello/Bloomberg
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Trinity Investments has expressed interest in acquiring Sunstone Hotel Investors Inc., according to people with knowledge of the matter. The company’s shares jumped 11.5% in Tuesday morning trading.
The firm discussed paying about $13 per share for Aliso Viejo, California-based Sunstone, said one of the people, who asked not to be identified discussing confidential information. The companies aren’t in active talks, another of the people said.