Sunstone Hotel Investors layoffs, on the record
Every job cut, severance charge and restructuring Sunstone Hotel Investors reported in its annual reports, 2023 to 2025, quoted from the filings.
Job cuts, severance and restructuring
Our summaryThe company noted that executive departures could lead to severance or other costs, without reporting any actual departure or severance program.
Word for word“These individuals are important to our business and strategy and to the extent that any of them departs, we could incur severance or other costs.” 10-K for 2023
Our summaryThe filing reports property-level severance costs of $297 thousand in 2023 as an adjustment to EBITDAre and FFO, and none in 2024.
Word for word“Property-level severance — 297 Adjustments to EBITDA re , net 13,357 (2,745) Adjusted EBITDA re $ 229,694 $ 263,446 Adjusted EBITDA re decreased $33.8 million, or 12.8%, in 2024 as compared to 2023 primarily due to the following: ● The Boston Park Plaza recorded Adjusted EBITDA re of $32.0 million in 2023.” 10-K for 2024
Our summaryThe filing reports property-level severance costs of $974 thousand in 2022 in the hotel segment reconciliation.
Word for word“Property-level severance (5) — ( 297 ) ( 974 ) Taxes assessed on commercial rents (5) ( 480 ) ( 553 ) ( 176 ) Amortization of right-of use assets and obligations 1,158 1,158 1,272 Corporate overhead ( 29,050 ) ( 31,412 ) ( 35,246 )” 10-K for 2024
Our summaryThe company restructured its executive team in the first quarter of 2025, which raised corporate overhead through higher payroll and deferred stock amortization expense.
Word for word“Corporate overhead expense increased $2.5 million, or 8.7%, in 2025 as compared to 2024, primarily due to increased payroll and related expenses and deferred stock amortization expense in the first quarter of 2025 in connection with the restructuring of our executive team.” 10-K for 2025
Sunstone Hotel Investors has filed no restructuring notice (Form 8-K, Item 2.05) since 2016. Companies file one only for a cut they judge material, so many announced layoffs never appear as one. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from Sunstone Hotel Investors’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-27. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.