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Sunstone Hotel Investors, Inc. Announces Contracts to Acquire 75% Interest in Renaissance Washington, D.C. and Sheraton Cerritos, California.

Publication: PR Newswire
Publication Date: 27-MAY-05 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
SAN CLEMENTE, Calif., May 26 /PRNewswire-FirstCall/ -- Sunstone Hotel Investors, Inc. announced today that it has agreed to acquire the remaining 75% majority interest in the 807-room Renaissance Washington, D.C. hotel. Sunstone had previously agreed to acquire the initial 25% of the hotel as part of the six-hotel Renaissance acquisition announced on April 27, 2005. The hotel is located at the intersection of 9th and K Streets on Mt. Vernon Square, midway between the White House and the Capitol. It is the closest hotel to the new 2.3 million square foot Washington Convention Center, and the hotel is also the closest hotel to the MCI Center. The hotel recently received a full renovation of its guestrooms, common areas, and meeting space totaling 66,000...

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