Sunstone Hotel Investors, Inc. (SHO) SEC Filing 10-K Annual report for the fiscal year ending Monday, December 31, 2012

Exhibit 99.1

For Additional Information:

Bryan Giglia

Sunstone Hotel Investors, Inc.

(949) 382-3036

SUNSTONE HOTEL INVESTORS REPORTS RESULTS FOR FOURTH QUARTER AND FULL YEAR 2012

Announces Executive Promotions

ALISO VIEJO, CA — February 19, 2013 — Sunstone Hotel Investors, Inc. (the “Company” or “Sunstone”) (NYSE: SHO) today announced results for the fourth quarter and year ended December 31, 2012.

Fourth Quarter 2012 Operational Results (as compared to Fourth Quarter 2011) (1):

·                  Comparable Hotel RevPAR increased 3.6% to $137.02.

·                  Comparable Hotel EBITDA Margin increased by 120 basis points to 30.2%.

·                  Adjusted EBITDA increased by 6.6% to $68.2 million.

·                  Adjusted FFO per diluted share increased by 3.4% to $0.30.

·                  Income available to common stockholders was $3.6 million (vs. $43,000 in 2011).

·                  Income available to common stockholders per diluted share was $0.03 (vs. zero in 2011).

Full Year 2012 Operational Results (as compared to Full Year 2011) (1):

·                  Comparable Hotel RevPAR increased 5.6% to $139.22.

·                  Comparable Hotel EBITDA Margin increased by 110 basis points to 28.9%.

·                  Adjusted EBITDA increased by 14.1% to $242.5 million.

·                  Adjusted FFO per diluted share increased by 16.1% to $1.01.

·                  Income available to common stockholders was $17.8 million (vs. $53.0 million in 2011).

·                  Income available to common stockholders per diluted share was $0.14 (vs. $0.45 in 2011).

Ken Cruse, Chief Executive Officer, stated, “In 2012 and thus far in 2013, we have made solid progress against our plan to create significant shareholder value while improving the quality and scale of our portfolio and gradually deleveraging our balance sheet.  We are currently working to further improve the quality and competitiveness of our portfolio through a number of high-quality renovations, and earlier this year we completed the sale of our low RevPAR Rochester hotel and laundry portfolio at an attractive valuation.  Also in January, we continued to improve our balance sheet by repaying our final $58 million of exchangeable senior notes and by initiating the par redemption of our $176 million 8% Series A Preferred securities.  Upon completion of the Series A redemption, we will have eliminated approximately $420 million of balance sheet leverage over the past year, which puts us on a clear path to achieve our long-term credit targets.”

Mr. Cruse continued, “Our portfolio is now comprised primarily of institutional grade hotels, well located within key growth markets.  Moreover, we now hold approximately $300 million of investable cash, a significant portion of which we intend to deploy toward quality hotel acquisitions, further improving the competitiveness and scale of our portfolio.  With the U.S. demand-to-supply ratio well above historical norms and our portfolio running at nearly 80% occupancy, industry fundamentals are constructive. We expect to see material growth in Hotel EBITDA as the recovery in the lodging cycle continues.”