Sunstone Hotel Investors Inc., a San Clemente-based real estate investment trust, will default on the June mortgage payment for its swanky W Hotel San
Diego property and turn over the 258-room downtown hotel to lenders,
after failing to lower interest payments.The hotel has been hurt by "significant and
continuing deterioration in demand for luxury lodging" as well as the
opening of luxury boutique hotels nearby, Sunstone officials say in their Sunday announcement carried by the Associated Press
