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.
Sunstone has been very creative about its debt. It has not used a lot of corporate debt. It has done mostly secured debt, 100% secure debt which is mortgages on properties and we've actually mortgaged individual properties for periods, 10 year periods of time and that ladder of debt coming due doe...(Full transcript available to logged in subscribers.).
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Bob Alter Discusses Academic and Professional Background and Decision To Get Involved in Hospitality Business
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