Ketan Carl's questions to Sunstone Hotel Investors Inc (SHO) leadership • Q3 2024
Question
Ketan Carl asked about the strategic opportunity for the Napa (Wine Country) assets and whether improving performance makes it a better time to recycle that capital.
Answer
CEO Bryan Giglia explained that the immediate focus is on stabilizing the assets by optimizing the group business mix and managing costs. He confirmed that the ultimate goal is to monetize these assets and recycle the capital, but the timing is dependent on achieving further operational improvements to maximize their sale value.