Reported about 17 hours ago
Trinity Investments is showing interest in purchasing Sunstone Hotel Investors Inc. for around $13 per share, with Sunstone's stock climbing 11.5% following the news. The acquisition talks are not currently active, and Sunstone, which owns a variety of hotels including the Montage Healdsburg and Four Seasons Napa Valley, recently reduced its full-year guidance. The increasing activity in real estate investment trust deals comes after a period of relative calm due to high interest rates.
Source: YAHOO