Sunstone Hotel Investors, Inc.through its 100% controlling interest in Sunstone Hotel Partnership, LLC, (Operating Partnership) including Sunstone Hotel TRS Lessee, Inc. (TRS Lessee) and its subsidiaries, is engaged in acquiring, owning, asset managing, renovating and selling hotel properties. Its primary business is to acquire, own, asset manage, renovate and sell luxury, upper upscale and upscale full-service hotels in the United States. Its hotels are operated under the brand names, such as Marriott, Hyatt, Fairmont, Hilton and Starwood. As of December 31, 2008, the Company owns 43 hotels, comprised of 14,569 rooms, located in 14 states and in Washington, D.C. Its portfolio also includes luxury and midscale hotels. On May 30, 2008, it sold the Hyatt Regency Century Plaza. On December 10, 2008, the Company sold Crowne Plaza in Grand Rapids, Michigan.