Jun. 10 at 4:18 PM
$SHO sells Hilton New Orleans for
$47 million — smart move or missed opportunity? 🤔
🏨 Divested at an 8.7% cap rate on 2024 Hotel NOI, with proceeds partly reinvested into share buybacks
📉 Shares down 1.1% in a month, underperforming the industry
See if this strategy pays off 👉 https://www.zacks.com/commentary/2493038/sunstone-disposes-hilton-new-orleans-st-charles-hotel-for-47m?cid=sm-stocktwits-2-2493038-body&ADID=SYND_STOCKTWITS_TWEET_2_2493038_BODY