27 during 2010 , we began to see improving business and consumer sentiment , which may point to an impending economic recovery , and which may lead to a period of positive fundamentals in the lodging industry . accordingly , we believe we are currently in the early stages of a recovery phase of the lodging cycle . consistent with our cycle-appropriate strategy , we believe that acquiring hotels now may likely create long-term value , and we expect to deploy a portion of our cash balance in 2011 towards selective hotel acquisitions . during 2010 , we selectively deployed a portion of our cash to fund certain transactions such as the purchase of two hotel loans for $ 4.0 million , which had a combined principal amount of $ 35.0 million , and the acquisition of the royal palm miami beach for a net purchase price of $ 117.6 million , excluding transaction costs . our acquisition program is aimed at generating attractive returns on our investment dollars , and therefore we may target lodging assets outside of the typical branded , urban , upper upscale profile represented by our existing portfolio in order to capitalize on opportunities which may arise . we intend to select the brands and operators for our hotels that we believe will lead to the highest returns . additionally , the scope of our acquisitions program may include large hotel portfolios or hotel loans . future acquisitions may be funded by our issuance of additional debt or equity securities , including our common and preferred op units , or by draws on our $ 150.0 million senior corporate credit facility entered into in november 2010. consistent with our cycle-appropriate strategy , during 2010 , we issued 19,500,000 shares of our common stock . net proceeds from this offering of approximately $ 190.6 million were contributed to our subsidiary , sunstone hotel partnership llc , which will use the proceeds for growth capital expenditures , future acquisitions and other general corporate purposes , including working capital . as of december 31 , 2010 , the weighted average term to maturity of our debt is approximately 7 years , and 100 % of our debt is fixed rate with a weighted average interest rate of 5.5 % . of our total debt , approximately $ 98.3 million matures over the next four years ( none in 2011 , $ 33.3 million in 2012 , $ 65.0 million in 2013 , assuming we repay our senior notes remaining balance of $ 62.5 million at the first put date in 2013 and none in 2014 ) . the $ 98.3 million does not include $ 14.8 million of scheduled loan amortization payments due in 2011 , $ 17.0 million due in 2012 , $ 18.1 million due in 2013 , or $ 19.1 million due in 2014. in january 2011 , we purchased the outside 62 % equity interests in our doubletree guest suites times square joint venture for approximately $ 37.5 million and , as a result , became the sole owner of the entity that owns the 460-room doubletree guest suites times square hotel in new york city . the hotel is encumbered by approximately $ 270.0 million of non-recourse senior mortgage and mezzanine debt that matures in january 2012 and bears a blended interest rate of libor + 115 basis points . we expect to refinance this debt during 2011 and intend to fund any refinancing shortfalls with existing cash . operating activities operating performance indicators . the following performance indicators are commonly used in the hotel industry : · occupancy ; · average daily room rate , or adr ; · revenue per available room , or revpar , which is the product of occupancy and adr , and does not include food and beverage revenue , or other operating revenue ; · comparable revpar , which we define as the revpar generated by hotels we owned as of the end of the reporting period , but excluding those hotels that experienced material and prolonged business interruption due to renovations , re-branding or property damage during either the most recent calendar year presented or the calendar year immediately preceding it . for hotels that were not owned for the entirety of the comparison periods , comparable revpar is calculated using revpar generated during periods of prior ownership . we refer to this subset of our hotels used to calculate comparable revpar as our comparable portfolio. currently our comparable portfolio includes all 31 hotels except the royal palm miami beach , which is undergoing renovation and repositioning that began in 2010. our comparable portfolio also includes operating results for the renaissance westchester for all periods presented , including the period in 2010 while it was held in receivership ; · revpar index , which is the quotient of a hotel 's revpar divided by the average revpar of its competitors , multiplied by 100. a revpar index in excess of 100 indicates a hotel is achieving higher revpar than its competitors . in addition to absolute revpar index , we monitor changes in revpar index ; · ebitda , which is income available ( loss attributable ) to common stockholders excluding : preferred stock dividends ; interest expense ( including prepayment penalties , if any ) ; provision for income taxes , including income taxes applicable to sale of assets ; and depreciation and amortization ; · adjusted ebitda , which includes ebitda but excludes : amortization of deferred stock compensation ; the impact of any gain or loss from asset sales ; impairment charges ; and any other identified adjustments ; · funds from operations , or ffo , which includes income available ( loss attributable ) to common stockholders , excluding gains and losses from sales of property , plus real estate-related depreciation and amortization ( excluding amortization of deferred financing costs ) , and after adjustment for unconsolidated partnerships and joint ventures story_separator_special_tag replace_table_token_9_th 34 replace_table_token_10_th ( 1 ) our series c preferred stock has been excluded from the calculation of ffo and adjusted ffo for the years ended december 31 , 2010 and 2009 as their inclusion would have been anti-dilutive . adjusted ffo was $ 56.6 million in 2010 as compared to $ 47.3 million in 2009 and $ 157.6 million in 2008. adjusted ffo increased in 2010 as compared to 2009 primarily due to lower interest expense , partially offset by decreased operating income from discontinued operations combined with increased costs incurred during 2010 to transition our hotels to new management companies . adjusted ffo decreased in 2009 as compared to 2008 primarily due to decreased earnings at our hotels , partially offset by lower interest expense . room revenue . room revenue increased $ 20.3 million , or 5.0 % , for the year ended december 31 , 2010 as compared to the year ended december 31 , 2009. the results of operations for the renaissance westchester are included in continuing operations from the date we reacquired the hotel ( june 2010 ) forward . the 2009 results of operations for the renaissance westchester are included in discontinued operations as possession and control of the hotel was held by a court-appointed receiver . in addition , we acquired the royal palm miami beach hotel in august 2010. room revenue generated by the renaissance westchester and included in continuing operations as well as room revenue generated by the royal palm miami beach ( the new hotels ) for 2010 was $ 10.3 million . room revenue generated by the 29 hotels we acquired prior to january 1 , 2008 ( our existing portfolio ) increased $ 10.0 million in 2010 as compared to 2009 due to an increase in occupancy ( $ 5.3 million ) combined with an increase in adr ( $ 4.7 million ) . room revenue decreased $ 96.0 million , or 19.0 % , for the year ended december 31 , 2009 as compared to the year ended december 31 , 2008. room revenue generated by our existing portfolio decreased in 2009 as compared to 2008 due to a decrease in occupancy ( $ 26.2 million ) combined with a decrease in adr ( $ 69.8 million ) . food and beverage revenue . food and beverage revenue increased $ 2.4 million , or 1.5 % , for the year ended december 31 , 2010 as compared to the year ended december 31 , 2009. food and beverage revenue generated by the new hotels in 2010 was $ 3.8 million . food and beverage revenue generated from our existing portfolio decreased $ 1.4 million in 2010 as compared to 2009. this decrease is primarily due to lower revenues generated in 2010 by our washington d.c. area hotels , which benefited from the 2009 presidential inauguration . food and beverage revenue also decreased in 2010 as compared to 2009 due to a reduction in business at our houston , texas hotels with one customer who is operating under a contract with the united states government . additionally , many of our hotels began to consolidate food and beverage outlets during 2009 in order to maximize profitability , which continued into 2010. food and beverage revenue decreased $ 40.0 million , or 19.8 % , for the year ended december 31 , 2009 as compared to the year ended december 31 , 2008. food and beverage revenue generated from our existing portfolio decreased in 2009 as compared to 2008 primarily due to declines in occupancy , as well as to a reduction in city-wide conventions and meetings held at our hotels , which caused decreases in banquet , catering , restaurant and room service revenue . restaurant revenue also decreased in 2009 as compared to 2008 as many of our hotels closed their restaurants during slow periods of the day in order to save costs . other operating revenue . other operating revenue decreased $ 3.4 million , or 6.4 % , for the year ended december 31 , 2010 as compared to the year ended december 31 , 2009. other operating revenue generated by the new hotels in 2010 was $ 0.9 million . other operating revenue generated by our existing portfolio decreased $ 4.3 million in 2010 compared to 2009. a substantial portion of our other operating revenue in 2009 resulted from a performance guaranty provided by the manager 35 of the fairmont newport beach . we recognized $ 2.5 million of the $ 6.0 million performance guaranty during 2009 , and zero during 2010. as of december 31 , 2009 , we had fully utilized the entire $ 6.0 million performance guaranty . other operating revenue also decreased in 2010 as compared to 2009 due to decreased cancellation , attrition , telephone and guest movie revenue in our existing portfolio slightly offset by increased parking and spa revenue in our existing portfolio and increased revenue at our two commercial laundry facilities . other operating revenue decreased $ 5.4 million , or 9.1 % , for the year ended december 31 , 2009 as compared to the year ended december 31 , 2008. a substantial portion of our other operating revenue in both 2009 and 2008 resulted from a performance guaranty provided by the manager of the fairmont newport beach . we recognized $ 2.5 million of the $ 6.0 million performance guaranty during the year ended december 31 , 2009 , and recognized $ 3.5 million of the performance guaranty during the year ended december 31 , 2008. other revenue generated from our existing portfolio also decreased during 2009 as compared to 2008 primarily due to decreases in telephone , retail , business center and guest movie revenue , resulting from the decrease in occupancy at our hotels and to the fact that discretionary spending by our hotel guests decreased in 2009 as a result of the recession , combined with decreased cancellation and attrition

debt with conversion and other options ( asc 470-20 ) . as part of this adoption , we recorded an additional $ 1.8 million in interest expense for the year ended december 31 , 2009 , and we retrospectively adjusted interest expense by an additional $ 3.5 million for the year ended december 31 , 2008. interest expense due to the accretion of the senior notes decreased by $ 1.7 million during 2009 as compared to 2008 due to the repurchase of $ 64.0 million in aggregate principal amount of senior notes in the first quarter of 2009 combined with an additional $ 123.5 million repurchased in may 2009. partially offsetting these decreases , interest expense increased in 2009 as compared to 2008 due to an increase in amortization of deferred financing fees of $ 0.7 million related to an increase in fees associated with our repurchase of the senior notes , the amendment of our credit facility during the second quarter of 2009 and the amendment of our loan on the renaissance baltimore during the third quarter of 2009. in addition , interest expense increased in 2009 as compared to 2008 due to $ 0.3 million recognized in 2009 related to the write-off of deferred financing fees associated with the amendment of our credit facility , as well as $ 0.5 million in default interest and $ 0.2 million in loan penalties and fees recognized in 2009 due to our elective defaults pursuant to our 2009 secured debt restructuring program . our weighted average interest rate per annum was approximately 5.5 % at both december 31 , 2010 and 2008 , and 5.6 % at december 31 , 2009. at december 31 , 2010 , all of our outstanding notes payable had fixed interest rates . 38 gain on extinguishment of debt .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```debt with conversion and other options ( asc 470-20 ) . as part of this adoption , we recorded an additional $ 1.8 million in interest expense for the year ended december 31 , 2009 , and we retrospectively adjusted interest expense by an additional $ 3.5 million for the year ended december 31 , 2008. interest expense due to the accretion of the senior notes decreased by $ 1.7 million during 2009 as compared to 2008 due to the repurchase of $ 64.0 million in aggregate principal amount of senior notes in the first quarter of 2009 combined with an additional $ 123.5 million repurchased in may 2009. partially offsetting these decreases , interest expense increased in 2009 as compared to 2008 due to an increase in amortization of deferred financing fees of $ 0.7 million related to an increase in fees associated with our repurchase of the senior notes , the amendment of our credit facility during the second quarter of 2009 and the amendment of our loan on the renaissance baltimore during the third quarter of 2009. in addition , interest expense increased in 2009 as compared to 2008 due to $ 0.3 million recognized in 2009 related to the write-off of deferred financing fees associated with the amendment of our credit facility , as well as $ 0.5 million in default interest and $ 0.2 million in loan penalties and fees recognized in 2009 due to our elective defaults pursuant to our 2009 secured debt restructuring program . our weighted average interest rate per annum was approximately 5.5 % at both december 31 , 2010 and 2008 , and 5.6 % at december 31 , 2009. at december 31 , 2010 , all of our outstanding notes payable had fixed interest rates . 38 gain on extinguishment of debt .
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 Suspicious Activity Report : 27 during 2010 , we began to see improving business and consumer sentiment , which may point to an impending economic recovery , and which may lead to a period of positive fundamentals in the lodging industry . accordingly , we believe we are currently in the early stages of a recovery phase of the lodging cycle . consistent with our cycle-appropriate strategy , we believe that acquiring hotels now may likely create long-term value , and we expect to deploy a portion of our cash balance in 2011 towards selective hotel acquisitions . during 2010 , we selectively deployed a portion of our cash to fund certain transactions such as the purchase of two hotel loans for $ 4.0 million , which had a combined principal amount of $ 35.0 million , and the acquisition of the royal palm miami beach for a net purchase price of $ 117.6 million , excluding transaction costs . our acquisition program is aimed at generating attractive returns on our investment dollars , and therefore we may target lodging assets outside of the typical branded , urban , upper upscale profile represented by our existing portfolio in order to capitalize on opportunities which may arise . we intend to select the brands and operators for our hotels that we believe will lead to the highest returns . additionally , the scope of our acquisitions program may include large hotel portfolios or hotel loans . future acquisitions may be funded by our issuance of additional debt or equity securities , including our common and preferred op units , or by draws on our $ 150.0 million senior corporate credit facility entered into in november 2010. consistent with our cycle-appropriate strategy , during 2010 , we issued 19,500,000 shares of our common stock . net proceeds from this offering of approximately $ 190.6 million were contributed to our subsidiary , sunstone hotel partnership llc , which will use the proceeds for growth capital expenditures , future acquisitions and other general corporate purposes , including working capital . as of december 31 , 2010 , the weighted average term to maturity of our debt is approximately 7 years , and 100 % of our debt is fixed rate with a weighted average interest rate of 5.5 % . of our total debt , approximately $ 98.3 million matures over the next four years ( none in 2011 , $ 33.3 million in 2012 , $ 65.0 million in 2013 , assuming we repay our senior notes remaining balance of $ 62.5 million at the first put date in 2013 and none in 2014 ) . the $ 98.3 million does not include $ 14.8 million of scheduled loan amortization payments due in 2011 , $ 17.0 million due in 2012 , $ 18.1 million due in 2013 , or $ 19.1 million due in 2014. in january 2011 , we purchased the outside 62 % equity interests in our doubletree guest suites times square joint venture for approximately $ 37.5 million and , as a result , became the sole owner of the entity that owns the 460-room doubletree guest suites times square hotel in new york city . the hotel is encumbered by approximately $ 270.0 million of non-recourse senior mortgage and mezzanine debt that matures in january 2012 and bears a blended interest rate of libor + 115 basis points . we expect to refinance this debt during 2011 and intend to fund any refinancing shortfalls with existing cash . operating activities operating performance indicators . the following performance indicators are commonly used in the hotel industry : · occupancy ; · average daily room rate , or adr ; · revenue per available room , or revpar , which is the product of occupancy and adr , and does not include food and beverage revenue , or other operating revenue ; · comparable revpar , which we define as the revpar generated by hotels we owned as of the end of the reporting period , but excluding those hotels that experienced material and prolonged business interruption due to renovations , re-branding or property damage during either the most recent calendar year presented or the calendar year immediately preceding it . for hotels that were not owned for the entirety of the comparison periods , comparable revpar is calculated using revpar generated during periods of prior ownership . we refer to this subset of our hotels used to calculate comparable revpar as our comparable portfolio. currently our comparable portfolio includes all 31 hotels except the royal palm miami beach , which is undergoing renovation and repositioning that began in 2010. our comparable portfolio also includes operating results for the renaissance westchester for all periods presented , including the period in 2010 while it was held in receivership ; · revpar index , which is the quotient of a hotel 's revpar divided by the average revpar of its competitors , multiplied by 100. a revpar index in excess of 100 indicates a hotel is achieving higher revpar than its competitors . in addition to absolute revpar index , we monitor changes in revpar index ; · ebitda , which is income available ( loss attributable ) to common stockholders excluding : preferred stock dividends ; interest expense ( including prepayment penalties , if any ) ; provision for income taxes , including income taxes applicable to sale of assets ; and depreciation and amortization ; · adjusted ebitda , which includes ebitda but excludes : amortization of deferred stock compensation ; the impact of any gain or loss from asset sales ; impairment charges ; and any other identified adjustments ; · funds from operations , or ffo , which includes income available ( loss attributable ) to common stockholders , excluding gains and losses from sales of property , plus real estate-related depreciation and amortization ( excluding amortization of deferred financing costs ) , and after adjustment for unconsolidated partnerships and joint ventures story_separator_special_tag replace_table_token_9_th 34 replace_table_token_10_th ( 1 ) our series c preferred stock has been excluded from the calculation of ffo and adjusted ffo for the years ended december 31 , 2010 and 2009 as their inclusion would have been anti-dilutive . adjusted ffo was $ 56.6 million in 2010 as compared to $ 47.3 million in 2009 and $ 157.6 million in 2008. adjusted ffo increased in 2010 as compared to 2009 primarily due to lower interest expense , partially offset by decreased operating income from discontinued operations combined with increased costs incurred during 2010 to transition our hotels to new management companies . adjusted ffo decreased in 2009 as compared to 2008 primarily due to decreased earnings at our hotels , partially offset by lower interest expense . room revenue . room revenue increased $ 20.3 million , or 5.0 % , for the year ended december 31 , 2010 as compared to the year ended december 31 , 2009. the results of operations for the renaissance westchester are included in continuing operations from the date we reacquired the hotel ( june 2010 ) forward . the 2009 results of operations for the renaissance westchester are included in discontinued operations as possession and control of the hotel was held by a court-appointed receiver . in addition , we acquired the royal palm miami beach hotel in august 2010. room revenue generated by the renaissance westchester and included in continuing operations as well as room revenue generated by the royal palm miami beach ( the new hotels ) for 2010 was $ 10.3 million . room revenue generated by the 29 hotels we acquired prior to january 1 , 2008 ( our existing portfolio ) increased $ 10.0 million in 2010 as compared to 2009 due to an increase in occupancy ( $ 5.3 million ) combined with an increase in adr ( $ 4.7 million ) . room revenue decreased $ 96.0 million , or 19.0 % , for the year ended december 31 , 2009 as compared to the year ended december 31 , 2008. room revenue generated by our existing portfolio decreased in 2009 as compared to 2008 due to a decrease in occupancy ( $ 26.2 million ) combined with a decrease in adr ( $ 69.8 million ) . food and beverage revenue . food and beverage revenue increased $ 2.4 million , or 1.5 % , for the year ended december 31 , 2010 as compared to the year ended december 31 , 2009. food and beverage revenue generated by the new hotels in 2010 was $ 3.8 million . food and beverage revenue generated from our existing portfolio decreased $ 1.4 million in 2010 as compared to 2009. this decrease is primarily due to lower revenues generated in 2010 by our washington d.c. area hotels , which benefited from the 2009 presidential inauguration . food and beverage revenue also decreased in 2010 as compared to 2009 due to a reduction in business at our houston , texas hotels with one customer who is operating under a contract with the united states government . additionally , many of our hotels began to consolidate food and beverage outlets during 2009 in order to maximize profitability , which continued into 2010. food and beverage revenue decreased $ 40.0 million , or 19.8 % , for the year ended december 31 , 2009 as compared to the year ended december 31 , 2008. food and beverage revenue generated from our existing portfolio decreased in 2009 as compared to 2008 primarily due to declines in occupancy , as well as to a reduction in city-wide conventions and meetings held at our hotels , which caused decreases in banquet , catering , restaurant and room service revenue . restaurant revenue also decreased in 2009 as compared to 2008 as many of our hotels closed their restaurants during slow periods of the day in order to save costs . other operating revenue . other operating revenue decreased $ 3.4 million , or 6.4 % , for the year ended december 31 , 2010 as compared to the year ended december 31 , 2009. other operating revenue generated by the new hotels in 2010 was $ 0.9 million . other operating revenue generated by our existing portfolio decreased $ 4.3 million in 2010 compared to 2009. a substantial portion of our other operating revenue in 2009 resulted from a performance guaranty provided by the manager 35 of the fairmont newport beach . we recognized $ 2.5 million of the $ 6.0 million performance guaranty during 2009 , and zero during 2010. as of december 31 , 2009 , we had fully utilized the entire $ 6.0 million performance guaranty . other operating revenue also decreased in 2010 as compared to 2009 due to decreased cancellation , attrition , telephone and guest movie revenue in our existing portfolio slightly offset by increased parking and spa revenue in our existing portfolio and increased revenue at our two commercial laundry facilities . other operating revenue decreased $ 5.4 million , or 9.1 % , for the year ended december 31 , 2009 as compared to the year ended december 31 , 2008. a substantial portion of our other operating revenue in both 2009 and 2008 resulted from a performance guaranty provided by the manager of the fairmont newport beach . we recognized $ 2.5 million of the $ 6.0 million performance guaranty during the year ended december 31 , 2009 , and recognized $ 3.5 million of the performance guaranty during the year ended december 31 , 2008. other revenue generated from our existing portfolio also decreased during 2009 as compared to 2008 primarily due to decreases in telephone , retail , business center and guest movie revenue , resulting from the decrease in occupancy at our hotels and to the fact that discretionary spending by our hotel guests decreased in 2009 as a result of the recession , combined with decreased cancellation and attrition

