Sunstone Hotel Investors paid $1 million per room for the 175-room Stock Island resort, according to a press release. Developer Pritam Singh of Singh Co. opened the $25 million Ocean’s Edge in January. Property records show Singh purchased the 20-acre property at 5950 Peninsular Avenue for $5 million in 2013 from BB&T Bank, which foreclosed on the Oceanside Marina. [Link]