Sunstone Hotel Investors, Inc. Quarterly Report on Form 10-Q for the Quarterly Period Ended March 31, 2024

Sunstone Hotel Investors, Inc. has reported a decrease in revenue and an increase in net loss for the quarter ending March 31, 2024. The company’s total revenue was $123.4 million, down from $135.5 million in the previous quarter, while the net loss increased to $10.2 million from $8.7 million. The company’s cash and cash equivalents also decreased to $1.2 billion from $1.3 billion. The financial report highlights the challenges faced by the hospitality industry and the company’s ongoing efforts to adapt to the changing market conditions.