People: Sunstone Hotel Investors Inc (SHO.N)
SHO.N on New York Stock Exchange
12.96USD
2 Aug 2013
12.96USD
2 Aug 2013
Price Change (% chg)
$-0.01 (-0.08%)
$-0.01 (-0.08%)
Prev Close
$12.97
$12.97
Open
$12.93
$12.93
Day's High
$12.99
$12.99
Day's Low
$12.92
$12.92
Volume
29,254
29,254
Avg. Vol
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52-wk High
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52-wk Low
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Summary
| Name | Age | Since | Current Position |
|---|---|---|---|
Keith Locker |
51 | 2011 | Non-Executive Independent Chairman of the Board |
John Arabia |
43 | 2013 | President |
Kenneth Cruse |
44 | 2013 | Chief Executive Officer, Director |
Bryan Giglia |
2013 | Chief Financial Officer, Senior Vice President | |
Marc Hoffman |
55 | 2010 | Executive Vice President, Chief Operating Officer |
Lindsay Monge |
2013 | Senior Vice President, Chief Administrative Officer, Treasurer, Secretary | |
Robert Springer |
35 | 2013 | Senior Vice President, Chief Investment Officer |
Andrew Batinovich |
54 | 2011 | Independent Director |
Z. Jamie Behar |
56 | 2004 | Independent Director |
Thomas Lewis |
60 | 2006 | Independent Director |
Douglas Pasquale |
56 | 2011 | Independent Director |
Keith Russell |
67 | 2004 | Independent Director |
Lewis Wolff |
77 | 2011 | Independent Director |
Biographies
| Name | Description |
|---|---|
Keith Locker |
Mr. Keith M. Locker is Non-Executive Independent Chairman of the Board of Sunstone Hotel Investors Inc., since November 7, 2011, and as a director since May 2, 2006. Since May 2003, Mr. Locker has been President of Inlet Capital LLC, or Inlet, an investment and asset management firm focused on the commercial real estate industry; President of Global Capital Resources LLC and GCR Advisors Inc. (both affiliates of Inlet), which companies together are the Co-General Partner and Co-Advisor, respectively, to the NYLIM-GCR Fund-1 2002 L.P., which provides fixed and variable rate senior and subordinate mortgages; and, from 2003 to 2007, President and Managing Member of COP Holdings, LLC (an affiliate of Inlet), an investment firm focused on factory retail outlet centers. Furthermore, Mr. Locker has been a director of IVP Securities, LLC since March 2004. From December 2006 to 2007, Mr. Locker was a director of The Mills Corporation, a publicly traded retail mall REIT, where he was chairman of the compensation committee. From May 2005 to January 2007, he served as a director of Glenborough Realty Trust, a publicly traded office REIT, where he was a member of the audit and compensation committees until the sale of the company to Morgan Stanley. Mr. Locker earned a B.S./B.A. from Boston University School of Management in 1983 and an M.B.A. from the Wharton School in 1988. Mr. Locker is Trustee of National Jewish Health, and is a member of NAREIT, Urban Land Institute, Commercial Mortgage Securities Association, International Council of Shopping Centers, The Wharton School Zell-Lurie Real Estate Center, Fisher Center for Real Estate and Urban Economics and numerous philanthropic and community organizations. |
John Arabia |
Mr. John V. Arabia is President of Sunstone Hotel Investors Inc. On February 14, 2011, the company announced that it hired Mr. Arabia as Executive Vice President of Corporate Strategy and Chief Financial Officer, or CFO, and on April 4, 2011 his employment began. On February 15, 2013, he was promoted to President. Prior to joining Sunstone, Mr. Arabia served as Managing Director of Green Street Advisors’ (“Green Street”) real estate research team. Mr. Arabia joined Green Street in 1997 and was instrumental in creating the firm’s lodging research platform. Prior to joining Green Street, Mr. Arabia was a Consulting Manager at EY Kenneth Leventhal in the firm’s west coast lodging consulting practice which specialized in hotel market studies, valuation and acquisition due diligence. Mr. Arabia started his hotel career in 1987, working various entry-level operating positions at the Anaheim Marriott. Mr. Arabia, who earned a CPA certificate from the state of Illinois, holds an M.B.A. degree in Real Estate/Accounting from The University of Southern California and a B.S. degree in Hotel Administration from Cornell University. |
Kenneth Cruse |
Mr. Kenneth E. Cruse is Chief Executive Officer, Director of Sunstone Hotel Investors Inc. Mr. Cruse joined the company in April 2005 as Senior Vice President—Asset Management, and was appointed Senior Vice President—Corporate Finance on September 1, 2006, Senior Vice President and Chief Financial Officer on January 1, 2007, Executive Vice President and Chief Financial Officer on February 18, 2010, President and Chief Financial Officer on December 17, 2010 and as President and Chief Executive Officer and a director on August 5, 2011. Since December 2007, Mr. Cruse has been a director of BuyEfficient, LLC, a subsidiary of the Company. For the eight years prior to joining Sunstone, Mr. Cruse worked in a variety of roles for Host Marriott Corporation, the predecessor of Host Hotels and Resorts, Inc., most recently as Vice President, Corporate Finance. Prior to working for Host Marriott Corporation, Mr. Cruse held various corporate positions with Marriott International, Inc. Mr. Cruse started his hotel career in 1991, working various management-level operating positions at the Marco Island Hilton. Mr. Cruse is actively involved in various industry and professional organizations. He is a member of the Strategic Planning Committee and CEO Council for AH&LA. Additionally, Mr. Cruse is also a member of the Real Estate Roundtable and the Southern California Chapter of Young Presidents Organization. He is also a member of the Dean’s Advisory Council for Colorado State University Warner College of Natural Resources. Mr. Cruse holds a B.S. degree from Colorado State University and an M.B.A. degree with honors from Georgetown University. |
Bryan Giglia |
Mr. Bryan A. Giglia is appointed as the Chief Financial Officer, Senior Vice President of Sunstone Hotel Investors, Inc. Prior to such appointment, Mr. Giglia served as Senior Vice President — Corporate Finance since March 1, 2010, and was charged with the management of capital market transactions, corporate financial planning and analysis, and investor relations. Mr. Giglia joined the Company in March 2004 as a financial analyst, serving in the capacity of Director of Finance from October 2005 through February 2007. From March 2007 to February 2010, he served as Vice President — Corporate Finance. From August 1998 to August 2002, he served in a variety of accounting positions for Hilton Hotel Corporation. From August 2002 until joining the Company in March 2004, Mr. Giglia attended the Marshall School of Business at the University of Southern California, where he earned an M.B.A. degree. Mr. Giglia earned his B.S. degree in Business Administration from the University of Arizona. |
Marc Hoffman |
Mr. Marc A. Hoffman is Executive Vice President, Chief Operating Officer of Sunstone Hotel Investors Inc. Mr. Hoffman joined in June 2006 as Vice President—Asset Management, and was appointed Senior Vice President—Asset Management in January 2007 and Executive Vice President and Chief Operating Officer on February 18, 2010. For the twenty-seven years prior to joining Sunstone, Mr. Hoffman served in various positions at Marriott International, Inc., including General Manager of The Vail Marriott, General Manager of Marriott’s Harbor Beach Resort and Spa, Marriott Market Manager for Fort Lauderdale, General Manager of The Ritz-Carlton Palm Beach (where under Mr. Hoffman’s leadership, the hotel obtained the Mobil 5 Star Award), and most recently as Vice President and Managing Director of Grande Lakes Orlando, which included the 1,000-room JW Marriott, the 584-room Ritz-Carlton Resort and Spa and The Ritz-Carlton Golf Club. Mr. Hoffman holds an A.O.S. degree from The Culinary Institute of America and a B.A. degree from Florida International University. |
Lindsay Monge |
Mr. Lindsay N. Monge has been appointed as Senior Vice President, Chief Administrative Officer, Treasurer, Secretary of Sunstone Hotel Investors Inc. Mr. Monge joined Sunstone in July of 2000 as an acquisitions analyst, serving in the capacity of Acquisitions Manager from October 2001 through April 2003. From April 2003 to February 2010, he served as Vice President—Treasurer. From March 2010 to February 15, 2013, he has served as Senior Vice President— Treasurer and Secretary, charged with management of all treasury- and secretarial-related functions, as well as enterprise risk management, information technology, human resources and office administration. On February 15, 2013, he was promoted to Senior Vice President—Chief Administration Officer, Treasurer and Secretary. Since 1995 and prior to joining Sunstone, he served in various capacities in hotel operations at the Waldorf-Astoria Hotel in New York, New York and the Westgate Hotel in San Diego, California. Mr. Monge holds an M.B.A. degree from the Peter F. Drucker & Masatoshi Ito Graduate School of Management at Claremont Graduate University and a B.S. degree in Hotel Administration from Cornell University. |
Robert Springer |
Mr. Robert C. Springer is Senior Vice President, Chief Investment Officer of Sunstone Hotel Investors, Inc. Mr. Springer joined the company in May 2011 as Senior Vice President—Acquisitions. On February 15, 2013, he was promoted to Senior Vice President—Chief Investment Officer. Prior to joining Sunstone, Mr. Springer served as a Vice President in the Merchant Banking Division of Goldman, Sachs & Co. (“Goldman”) and in the firm’s principal lodging investing activity, which investments were primarily placed through the Whitehall Street Real Estate series of private equity funds, as well as the Goldman Sachs Real Estate Mezzanine Partners fund. Mr. Springer’s involvement with these funds included all aspects of hotel equity and debt investing, as well as asset management of numerous lodging portfolios. Mr. Springer joined Goldman in February 2006. Prior to joining Goldman, Mr. Springer worked in both the feasibility and acquisitions groups at Host Hotels & Resorts from 2004 to 2006 and was integral to the closing of several lodging deals. Mr. Springer started his career with PricewaterhouseCoopers, LLP in the Hospitality Consulting Group from 1999 to 2004. Mr. Springer holds a B.S. degree in Hotel Administration from Cornell University. |
Andrew Batinovich |
Mr. Andrew Batinovich is Independent Director of Sunstone Hotel Investors, Inc., since November 7, 2011. Mr. Batinovich currently serves as President and Chief Executive Officer of Glenborough, LLC, a privately held full service real estate investment and management company focused on the acquisition, management and leasing of institutional quality commercial properties. In 2010, Mr. Batinovich led a private investor group in acquiring Glenborough, LLC and related real estate assets that were originally part of Glenborough Realty Trust, a NYSE listed real estate investment trust, or REIT, which was sold to affiliates of Morgan Stanley in 2006. From December 2006 to October 2010, Mr. Batinovich served as President and Chief Executive Officer of Glenborough, LLC, a company formed by an affiliate of Morgan Stanley to acquire Glenborough Realty Trust. In connection with the 2006 transaction, Mr. Batinovich and the Glenborough Realty Trust senior management team were retained to operate the new private entity, and the team remains together in the newly re-acquired Glenborough, LLC. In 1996, Mr. Batinovich co-founded Glenborough Realty Trust and was President and Chief Executive Officer and a director at the time of the sale in 2006. Mr. Batinovich was appointed President of Glenborough Realty Trust in 1997 and Chief Executive Officer in 2003. Mr. Batinovich is a member of the Building Owners and Managers Association (BOMA), the Association of Foreign Investors in Real Estate (AFIRE) and other trade associations. He also serves as a director of RAIT Financial Trust (NYSE: RAS) and as a trustee of the American University of Paris. Mr. Batinovich has a B.A. in International Business Administration from the American University of Paris. |
Z. Jamie Behar |
Ms. Z. Jamie Behar is Independent Director of Sunstone Hotel Investors Inc., since October 26, 2004. Since October 2005, Ms. Behar has been Managing Director, Real Estate & Alternative Investments, for General Motors Investment Management Corporation, or GMIMCO. From 1986 through October 2005, Ms. Behar was a Portfolio Manager with GMIMCO. She manages GMIMCO’s clients’ real estate investment portfolios, including both private market and publicly traded security investments, as well as their alternative investment portfolios, totaling approximately $6.5 billion. She is a member of GMIMCO’s Management Committee, Investment Committee and Investment Review and Approval Committee. Ms. Behar is a member of the Board of Directors of Desarrolladora Homex, S.A. de C.V., a publicly listed home development company located in Mexico (and for which she also serves on the audit committee). She also serves as a member of the Board of Directors of the Pension Real Estate Association and as a member of NAREIT’s Real Estate Investment Advisory Council, and serves on the advisory boards of several domestic and international private real estate investment entities. Ms. Behar holds a B.S.E. degree from The Wharton School of the University of Pennsylvania, an M.B.A. degree from the Columbia University Graduate School of Business and the CFA charter. |
Thomas Lewis |
Mr. Thomas A. Lewis, Jr., is Independent Director of Sunstone Hotel Investors Inc., since May 2, 2006. Mr. Lewis is Chief Executive Officer of Realty Income Corporation, a NYSE-listed REIT. Mr. Lewis is also Vice Chairman of the Board of Directors of Realty Income Corporation and has been a member of its Board of Directors since September 1993. He also serves as a director of Crest Net Lease, Inc., a subsidiary of Realty Income Corporation. He joined Realty Income Corporation in 1987 and served in a variety of executive positions, including Senior Vice President, Capital Markets until 1997, when he was named Chief Executive Officer. In 2000 and 2001, he also held the position of President. Prior to joining Realty Income Corporation, he was an executive with Johnstown Capital, a real estate investment company (1982 to 1987), an investment specialist with Sutro & Co., Inc. (1979 to 1982), and in marketing with Procter & Gamble (1974 to 1979). Mr. Lewis has more than 20 years of experience directing public and private capital market transactions. Mr. Lewis holds a B.A. degree in Business Administration from Chaminade University of Hawaii. |
Douglas Pasquale |
Mr. Douglas M. Pasquale is Independent Director of Sunstone Hotel Investors, Inc., since November 7, 2011. Mr. Pasquale was appointed to the Ventas, Inc. (NYSE: VTR) (“Ventas”) Board of Directors in July 2011 (for which he also serves as a member of the investment committee), upon closing of Ventas’ acquisition of Nationwide Health Properties, Inc. (formerly NYSE: NHP) (“NHP”). He also served as Senior Advisor to Ventas from July 2011 to December 2011. Mr. Pasquale served as Chairman of the Board, President and Chief Executive Officer of NHP from 2009 to 2011, as President and Chief Executive Officer of NHP from 2004 to 2011, and served as Executive Vice President and Chief Operating Officer of NHP in 2003. Mr. Pasquale was a director of NHP from 2003 to 2011. Mr. Pasquale also served as President and Chief Executive Officer of Richfield Hospitality Services, Inc. and Regal Hotels International-North America, a hotel ownership and management company, from 1996 to 1998, and as its Chief Financial Officer from 1994 to 1996. Mr. Pasquale is a director of Alexander & Baldwin, Inc. (NYSE: ALEX), a real estate and agribusiness company (for which he also serves as chair of the audit committee and a member of the nominating and governance committee); a director of Terreno Realty Corporation (NYSE:TRNO), an industrial REIT (for which he also serves as lead independent director and a member of the audit, compensation and nominating and governance committees); a director of DineEquity, Inc., a full-service restaurant company; and a member of the Board of Trustees of ExplorOcean/Newport Harbor Nautical Museum. Mr. Pasquale received his B.S. in Accounting and his M.B.A. from the University of Colorado. |
Keith Russell |
Mr. Keith P. Russell is Independent Director of Sunstone Hotel Investors Inc., since October 26, 2004. Since June 2001, Mr. Russell has been President of Russell Financial, Inc., a strategic and financial consulting firm serving businesses and high net worth individuals. Mr. Russell is retired as the Chairman of Mellon West and the Vice Chairman of Mellon Financial Corporation, in which capacities he served from May 1996 until March 2001. From September 1991 through April 1996, Mr. Russell served in various positions at Mellon, including Vice Chairman and Chief Risk Officer of Mellon Bank Corporation and Chairman of Mellon Bank Corporation’s Credit Policy Committee. From 1983 to 1991, Mr. Russell served as President and Chief Operating Officer, and a director, of Glenfed/Glendale Federal Bank. Mr. Russell also serves on the Board of Directors of Hawaiian Electric Industries (NYSE:HE), where he serves as a member of the audit committee, and serves on the Board of Directors of American Savings’ Bank, a subsidiary of Hawaiian Electric Industries, where he serves as chair of the risk committee and a member of the audit committee. From 2002 to 2011, Mr. Russell was a director of Nationwide Health Properties, Inc. (for which he also served as chair of the audit committee and a member of the nominating and governance committee). From 2003 to 2008, Mr. Russell was a director of Countrywide Financial Corporation, where he was a member of the audit and ethics, credit, finance and special oversight committees. From 2002 to 2008, Mr. Russell was a director of Countrywide Bank (private) and from 2001 to 2007, he was a member of the UCLA Anderson Board of Visitors (non-profit). Mr. Russell has been a panelist at various conferences and seminars, addressing topics such as corporate governance and audit committee role. Mr. Russell holds a B.A. degree in Economics from the University of Washington and an M.A. degree in Economics from Northwestern University. |
Lewis Wolff |
Mr. Lewis N. Wolff is Independent Director of Sunstone Hotel Investors Inc., since October 26, 2004. He was Chairman from October 26, 2004 to March 18, 2007 and was Co-Chairman from March 19, 2007 to November 6, 2011. Mr. Wolff has been Chairman of Wolff Urban Management, Inc. since 1980 and is also its Chief Executive Officer. Wolff Urban Management, Inc. is a real estate acquisition, investment, development and management firm. Mr. Wolff is also a co-founder of Maritz, Wolff & Co., a privately held hotel investment group that owns top-tier luxury hotels. In 2007, Mr. Wolff was also named Chairman and Chief Executive Officer of Wolff Urban Development, LLC, a private real estate and select business investment opportunity organization that invests in and develops commercial urban real estate, professional sports activities, luxury hotel and resort properties, hotel management companies and hospitality related assets. From December 2005 to September 2007, Mr. Wolff was a director of Maguire Properties, Inc. From 1999 to 2004, Mr. Wolff also served as Co-Chairman of Fairmont Hotels & Resorts, a hotel management company formed by Fairmont Hotel Management Company and Canadian Pacific Hotels & Resorts, Inc. In addition, Mr. Wolff acquired ownership of Major League Baseball’s Oakland Athletics in April 2005 and ownership of Major League Soccer’s San Jose Earthquakes in July 2007. Mr. Wolff also serves on the board of Bobrick Washroom Equipment, Inc., as well as First Century Bank. Mr. Wolff holds a B.A. degree in Business Administration from the University of Wisconsin, Madison, and an M.B.A. degree from Washington University in St. Louis, Missouri. |
Basic Compensation
| Name | Fiscal Year Total |
|---|---|
Keith Locker |
-- |
John Arabia |
1,384,110 |
Kenneth Cruse |
2,453,180 |
Bryan Giglia |
-- |
Marc Hoffman |
1,409,810 |
Lindsay Monge |
777,195 |
Robert Springer |
1,034,800 |
Andrew Batinovich |
-- |
Z. Jamie Behar |
-- |
Thomas Lewis |
-- |
Douglas Pasquale |
-- |
Keith Russell |
-- |
Lewis Wolff |
-- |
As Of 30 Dec 2012
Options Compensation
| Name | Options | Value |
|---|---|---|
Keith Locker |
0 | 0 |
John Arabia |
0 | 0 |
Kenneth Cruse |
12,480 | 144,447 |
Bryan Giglia |
0 | 0 |
Marc Hoffman |
0 | 0 |
Lindsay Monge |
0 | 0 |
Robert Springer |
0 | 0 |
Andrew Batinovich |
0 | 0 |
Z. Jamie Behar |
0 | 0 |
Thomas Lewis |
0 | 0 |
Douglas Pasquale |
0 | 0 |
Keith Russell |
0 | 0 |
Lewis Wolff |
0 | 0 |

