0001193125-05-185084 Sample Contracts

SUNSTONE HOTEL INVESTORS, INC. (a Maryland corporation) 6,700,000 Shares of Common Stock PURCHASE AGREEMENT
Purchase Agreement • September 14th, 2005 • Sunstone Hotel Investors, Inc. • Hotels & motels • New York
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REGISTRATION RIGHTS AGREEMENT
Registration Rights Agreement • September 14th, 2005 • Sunstone Hotel Investors, Inc. • Hotels & motels • New York

This REGISTRATION RIGHTS AGREEMENT (this “Agreement”), is made and entered into as of June 28, 2005, between Sunstone Hotel Investors, Inc., a Maryland corporation (the “Company”) and Security Capital Preferred Growth Incorporated, a Maryland corporation (together with its successors and assigns, the “Investor”).

PURCHASE AND SALE AGREEMENT by and between PIVOTAL CENTURY PLAZA HOTEL, L.L.C., a Delaware limited liability company and HYATT DEVELOPMENT CORPORATION, a Delaware corporation The Century Plaza Hotel & Spa Los Angeles, California August 24, 2005
Purchase and Sale Agreement • September 14th, 2005 • Sunstone Hotel Investors, Inc. • Hotels & motels • California

This PURCHASE AND SALE AGREEMENT (this “Agreement”) is entered into as of August 24, 2005, by and between PIVOTAL CENTURY PLAZA HOTEL, L.L.C., a Delaware limited liability company, (“Seller”) and HYATT DEVELOPMENT CORPORATION, a Delaware corporation (“Purchaser”),with reference to the following Recitals:

ASSIGNMENT AND ASSUMPTION OF PURCHASE AND SALE AGREEMENT
Assignment and Assumption of Purchase and Sale Agreement • September 14th, 2005 • Sunstone Hotel Investors, Inc. • Hotels & motels

This ASSIGNMENT AND ASSUMPTION OF PURCHASE AND SALE AGREEMENT (this “Assignment”) is made as of the 24th day of August, 2005, by and between HYATT DEVELOPMENT CORPORATION, a Delaware corporation, having as its office address c/o Hyatt Hotels Corporation, 71 South Wacker Drive, Chicago, Illinois 60606. (“Assignor”), and Sunstone Century Star, LLC, a Delaware limited liability company, having as its office address c/o Sunstone Hotel Investors Inc., 903 Calle Amanecer, Suite 100, San Clemente, California 92673 (“Assignee”).

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