ALISO VIEJO, Calif., Jan. 31, 2013 /PRNewswire/ -- Sunstone Hotel Investors, Inc. (the "Company") (NYSE: SHO) announced today the following tax treatment of its 2012 distributions to its Series A and Series D preferred shareholders.


            Security CUSIP                   Ticker Record Date          Payable Date         Total Distribution per Share  2012 Taxable Dividends per Share
            -------- -----                   ------ -----------          ------------         ----------------------------  --------------------------------

    Series A               867892200 SHO/PRA                   3/31/2012            4/15/2012                     $0.500000                        $0.500000
    Series A               867892200 SHO/PRA                   6/30/2012            7/15/2012                     $0.500000                        $0.500000
    Series A               867892200 SHO/PRA                   9/30/2012           10/15/2012                     $0.500000                        $0.500000
    Series A               867892200 SHO/PRA                  12/31/2012            1/15/2013                     $0.500000                        $0.500000


    Series D               867892507 SHO/PRD                   3/31/2012            4/15/2012                     $0.500000                        $0.500000
    Series D               867892507 SHO/PRD                   6/30/2012            7/15/2012                     $0.500000                        $0.500000
    Series D               867892507 SHO/PRD                   9/30/2012           10/15/2012                     $0.500000                        $0.500000
    Series D               867892507 SHO/PRD                  12/31/2012            1/15/2013                     $0.500000                        $0.500000

Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of the Company's distributions.

About Sunstone Hotel Investors:

Sunstone Hotel Investors, Inc. ("Sunstone") is a lodging real estate investment trust ("REIT") that, adjusted for the transactions noted herein, has interests in 26 hotels comprised of 11,632 rooms. Sunstone's hotels are primarily in the upper upscale segment and are generally operated under nationally recognized brands, such as Marriott, Hilton, Hyatt, Fairmont, and Sheraton. For further information, please visit Sunstone's website at www.sunstonehotels.com.

Sunstone's mission is to create meaningful value for our stockholders by becoming the premier hotel investment company. Our values include transparency, trust, ethical conduct, communication and discipline. We seek to employ a balanced, cycle-appropriate corporate strategy that encompasses the following:


    --  Proactive portfolio management;
    --  Intensive asset management;
    --  Disciplined external growth; and
    --  Measured balance sheet improvement.

For Additional Information:
Bryan Giglia
Senior Vice President - Corporate Finance
Sunstone Hotel Investors, Inc.
(949) 382-3036

SOURCE Sunstone Hotel Investors, Inc.