Sunstone Hotel Investors (SHO) 8-K Material Modifications to Rights of Security Holders

Exhibit 99.1

The expenses to be incurred by the Company relating to the registration and offering of 4,000,000 shares of 8.0% series D cumulative redeemable preferred stock pursuant to a registration statement on Form S-3 (File No. 333-171712) (the “Registration Statement”) and a related prospectus supplement filed with the Securities and Exchange Commission on April 4, 2011 are estimated to be as follows:

	Estimated Fees
SEC registration fee	$	11,610
Accounting fees and expenses		125,000
Legal fees and expenses		150,000
NYSE supplemental listing fee		12,800
Printing fees		30,000
Transfer agent and registrar fees and expenses		3,500
Total	$	332,910