News for the Hospitality Executive
Sunstone Hotel Investors, Inc. Promotes Seven Key
SAN CLEMENTE, Calif., March 1, 2010 -- Sunstone Hotel Investors, Inc. (NYSE: SHO) announced today that it has promoted the following employees:
Art Buser, President and Chief Executive Officer, stated, "2009 was a transformational year for Sunstone. Our team worked diligently to recalibrate our balance sheet, hotel operations and our portfolio, positioning the Company to outperform. It gives the board of directors great pleasure to promote these key executives and thank them for their contribution to our Company's success. During 2009, each of these executives assumed additional responsibilities as the Company optimized its cost structure and meaningfully reduced its corporate staffing levels. We, as a Company, exist to outperform, and we will continue to recognize those who contribute to the success of the Company."
About Sunstone Hotel Investors, Inc.
Senior Vice President – Corporate Finance
Sunstone Hotel Investors, Inc.
Hotel Investors Provides Business Update - Forfeits Additional 11
Hotels to Mass Mutual, Holder of $246 million Loan on the Hotels;
Expects a $83 million Impairment Charge Related to the Forfeitures
/ January 2010
|Sunstone to Forfeit the 258-room W Hotel San Diego to Lenders, May Pursue Similar Options with Other Mortgaged Hotels / June 2009|