ALISO VIEJO, CA—Sunstone Hotel Investors, Inc. has reported its first quarter results, indicating a 2.1% boost in revnue, while recapping the progress of its acquisition activities.

"Our first quarter operating results met our expectations as we traded short-term displacement for expected future growth through the renovation of four of our hotels,” said CEO Ken Cruse. “Excluding the four hotels under renovation, our portfolio generated 6.5% RevPAR growth and achieved 160 basis points of margin expansion, driven by improving demand trends and solid expense controls.Also, during the first quarter, we continued to methodically improve our balance sheet by eliminating nearly $261 million of leverage through asset sales, and the retirement of senior debt and preferred securities.”

Some first quarter results include:

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David Phillips

David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.