Sunstone Predicts Rise in Revenues

1st July 2010 (Last Updated July 1st, 2010 18:30)

US-based Sunstone Hotel Investors said it expects a 6.5% rise in its second quarter revenue per available room (RevPAR) across its properties. The revenue growth is expected because of growing demand, which in turn allows operators to improve pricing in some markets. Fur

US-based Sunstone Hotel Investors said it expects a 6.5% rise in its second quarter revenue per available room (RevPAR) across its properties.

The revenue growth is expected because of growing demand, which in turn allows operators to improve pricing in some markets.

Furthermore the hospitality industry is beginning to see signs of a rebound after several years of falling prices and occupancy rates.

Sunstone is looking for further acquisition possibilities, according to online.wsj.com.

Sunstone is a California-based lodging real estate investment trust that operates under brands such as Marriott and Renaissance.