Sunstone REIT Pushed To Pursue Sale Or Liquidate Assets

Sunstone Shareholder Urges Hospitality Firm to Sell - Orange County Business Journal

The board of Sunstone Hotel Investors Inc. (NYSE: SHO) has received a letter from shareholder Tarsadia Capital LLC urging the hospitality firm to pursue a sale or liquidation of assets.    Tarsadia, an asset manager that owns 3.4% of Sunstone, sent the letter on Friday stating the firm’s take on how to resolve the Aliso Viejo-based “company’s persistent undervaluation in the public markets.”   “Sunstone’s current trajectory as a subscale lodging…

Sunstone REIT Pushed To Pursue Sale Or Liquidate Assets

The holder of the second-most Sunstone Hotel Investors stock has urged the company toward a sale or to liquidate assets to preserve value for shareholders. Tarsadia Capital sent a letter to the REIT on Friday arguing the hotel investor's portfolio is undervalued and has led to persistent poor performance in its stock. Tarsadia, which is the public investment management arm of a family office, owns 3.4% of Sunstone, the largest share after Blacks…