Sunstone Hotel sees Q1 adjusted FFO 16c-18c

Sees Q1 total Portfolio RevPAR growth as compared to the Q1 of FY22 30%-32%. Q1 is based in part on the following full year assumptions: Full year total Adjusted EBITDAre displacement of approximately $16 million to $18 million in connection with planned capital investments; Full year corporate overhead expense (excluding deferred stock amortization) of approximately $22M-$23M; Full year interest expense of approximately $52M-$54M, including approximately $2M in amortization of deferred financing costs; Full year preferred stock dividends of approximately $15M, which includes the Series G, H and I cumulative redeemable preferred stock.