Sunstone Hotel Investors, Inc. (NYSE:SHO) is a lodging real estate investment trust (REIT) that, as of the date hereof, has interests in 41 hotels with an aggregate of 14,264 rooms primarily in the upper-upscale segment operated under nationally recognized brands such as Marriott, Hyatt, Hilton, Starwood and Fairmont. The Sunstone team is focused on maximizing shareholder value through a comprehensive approach to portfolio management. Sunstone's strategy is predicated on: Acquiring upper-upscale and luxury hotels with nationally recognized brands in markets with high barriers to entry; Enhancing the value of our hotels through major capital projects and repositionings; Optimizing the performance of our portfolio through aggressive asset management; Recycling capital through opportunistic dispositions of non-core assets; Minimizing our cost of capital through disciplined balance sheet management.