Sunstone Hotel Investors, Inc. has announced the expansion of its board of directors with the appointment of Michael Barnello, effective November 15, 2025. With this addition, the company's board will now be comprised of nine directors.
Michael Barnello brings with him a wealth of industry expertise, having previously served as the president and chief executive officer of LaSalle Hotel Properties (NYSE: LHO), a leading real estate investment trust that owned 41 properties, comprising upscale, full-service hotels totaling approximately 10,400 guest rooms in 11 markets across seven states and the District of Columbia. He also has experience as the senior vice president of LaSalle Partners (which became Jones Lang LaSalle) and as a vice president with Strategic Realty Advisors.
Sunstone's Chairman of the Board, Douglas M. Pasquale, expressed his pleasure at welcoming Barnello to the board, noting that his extensive lodging industry expertise will enhance the company's commitment to maximizing shareholder value. Bryan A. Giglia, the Chief Executive Officer, also looks forward to benefitting from Barnello's unique perspective and success in the sector.
In response to the appointment, Michael Ching of Tarsadia Capital expressed confidence that Barnello's addition to the board will be additive to Sunstone's ongoing efforts towards realizing value for its shareholders.
Sunstone Hotel Investors, Inc. is a lodging real estate investment trust with a strategy to create long-term stakeholder value through the acquisition, active ownership, and disposition of well-located hotel and resort real estate.
The company's Chief Financial Officer, Aaron Reyes, can be contacted for further information at (949) 382-3018. As a result of these announcements, the company's shares have moved -2.63% on the market, and are now trading at a price of $9.24. If you want to know more, read the company's complete 8-K report here.
