Bob Alter is the Chairman of Sunstone Hotel Investors, Inc, a Southern California-based Real Estate Investment Trust (REIT). Sunstone currently owns 47 hotels primarily in the upper-upscale and upscale segments operated under franchises such as Marriott, Hilton, InterContinental, Hyatt and Fairmont.
Under Alter's leadership, Sunstone has increased its market capitalization from $1.4 billion to $3.9 billion in total enterprise value and increased
Bob Alter is a graduate of Cornell University.
So our investors in the 'go private transaction' was a real estate opportunity fund. A real estate opportunity fund by the nature is an investor that generally looks for an IRR, internal rate of return and says I buy something today and I sell something later, and then I measure the return over a p...(Full transcript available to logged in subscribers.).
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