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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q/A
(MARK ONE)
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
FOR THE QUARTER ENDED MARCH 31, 1996
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
FOR THE TRANSITION PERIOD FROM ___________ TO ___________
COMMISSION FILE NUMBER 0-26304
SUNSTONE HOTEL INVESTORS, INC.
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(Exact name of registrant as specified in its charter)
MARYLAND 52-1891908
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(State or Other Jurisdiction of (I.R.S. Employer
Incorporation or Organization) Identification No.)
115 CALLE DE INDUSTRIAS, SUITE 201, SAN CLEMENTE, CA 92672
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(Address of Principal Executive Offices) (Zip Code)
(714) 361-3900
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(Registrant's Telephone Number, Including Area Code)
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Indicate by check mark whether the registrant: (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days. Yes x No
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As of May 14, 1996, there were 6,322,000 shares of Common Stock outstanding.
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ITEM 3. EXHIBITS AND REPORTS ON FORM 8-K.
(a) Exhibit 27 Financial Data Schedule
(b) Reports on Form 8-K:
A Current Report on Form 8-K (the "8-K" and, as amended, the 8KA)
dated February 2, 1996, was filed in the quarter ended March 31, 1996, with
disclosure under Items 2 and 7.
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SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the Registrant has duly caused this Report to be signed
on its behalf by the undersigned, thereunto duly authorized, in the City of San
Clemente, State of California, on May 14, 1996.
SUNSTONE HOTEL INVESTORS, INC.
By: /s/ ROBERT A. ALTER
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Robert A. Alter
President, Chief Financial Officer,
Secretary and Chairman of the Board of
Directors
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE RELATED
BALANCE SHEETS AND STATEMENTS OF OPERATIONS AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH ON THE JOINT ANNUAL REPORT ON FORM 10-K.
</LEGEND>
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-START> JAN-01-1996
<PERIOD-END> MAR-31-1996
<CASH> 407,000
<SECURITIES> 0
<RECEIVABLES> 2,227,000
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 4,634,000
<PP&E> 67,076,000
<DEPRECIATION> 0
<TOTAL-ASSETS> 71,044,000
<CURRENT-LIABILITIES> 1,690,000
<BONDS> 0
0
0
<COMMON> 63,000
<OTHER-SE> 38,569,000
<TOTAL-LIABILITY-AND-EQUITY> 71,044,000
<SALES> 3,190,000
<TOTAL-REVENUES> 3,209,000
<CGS> 0
<TOTAL-COSTS> 1,255,000
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 324,000
<INCOME-PRETAX> 1,337,000
<INCOME-TAX> 1,337,000
<INCOME-CONTINUING> 1,337,000
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 1,337,000
<EPS-PRIMARY> 0.21
<EPS-DILUTED> 0
</TABLE>
