SUNSTONE HOTEL INVESTORS REPORTS RESULTS FOR SECOND QUARTER 2022 Completes Acquisition of The Confidante Miami Beach and the Remaining 25% JV Interest in the Hilton San Diego Bayfront Amends Credit Agreement to Extend Maturities and Increase Debt Capacity Continues Share Repurchases and Reinstates Common Dividend IRVINE, Calif. , Aug. 3, 2022 |PRNewswire| -- Sunstone Hotel Investors, Inc. (the "Company" or "Sunstone") (NYSE: SHO ), the owner of Long-Term Relevant Real Estate® in the lodging industry, today announced results for the second quarter ended June 30, 2022 . Second Quarter 2022 Operational Results (as compared to Second Quarter 2021): Net Income (Loss): Net income was $37.7 million as compared to a net loss of $27.9 million . Comparable Portfolio RevPAR: RevPAR at the comparable 12 hotels the Company owned during both 2022 and 2021 plus The Confidante Miami Beach (the "Comparable Portfolio"), increased 98.4% to $220.37 . The average daily rate was $295.40 and occupancy was 74.6%. Total Portfolio RevPAR: RevPAR at the 15 hotels, which includes the Comparable Portfolio, the Montage Healdsburg and the Four Seasons Resort Napa Valley (the "Total Portfolio"), was $237.28 .