Sunstone Hotel Investors (SHO -1.5%) announces plans to sell 11M shares of its common stock at...

|About: Sunstone Hotel Investors, Inc. (SHO)|By:, SA News Editor

Sunstone Hotel Investors (SHO -1.5%) announces plans to sell 11M shares of its common stock at $10.45/share, looking to use the money to fund its planned $91.75M purchase of the 357-room Hilton Garden Inn Chicago Downtown/Magnificent Mile.