Robert Alter, one of the premier hotel investment and management executives in the industry, is currently President of Seaview Investors, LLC, a real estate investment management company that operates hotels in Southern California and Colorado. Seaview Investors is involved in the Operations and Management of four hotels. Most recently, Seaview acquired a 215,000 square-foot office building near LAX and converted it into a 231-room Residence Inn by Marriott, which opened in March 2015. Mr. Alter continues to analyze investment opportunities in all sectors of the hotel industry.
Mr. Alter is also Chairman Emeritus and Founder of Sunstone Hotel Investors Inc. (NYSE: SHO). After founding Sunstone in 1985, he took the company public in 1995 with 10 hotels and a total enterprise value of $75 million with revenues of $30 million. During the 22 year period of Mr. Alter’s position as CEO, Sunstone acquired 125 hotel properties with over 20,000 guest rooms, and disposed of 80 hotels. Sunstone currently owns interests in 41 hotels operated under such brands as Marriott, Hyatt, Hilton, and Fairmont, and has a total enterprise value over $3.5 billion dollars.
Mr. Alter serves on the Board of Advisors for Quest Hospitality Ventures, LLC, a venture capital fund for hospitality industry start-up companies. Mr. Alter is currently serving on the Dean’s Advisory Board at Cornell University. He is a member of the Board of Directors of West Coast University, a private, proprietary, nonsectarian, coeducational institution. Mr. Alter is past president of the Holiday Inn Franchise Association; former member of the Marriott Franchise board; and, past President of the IAHI and is on its Board of Directors. He was also on the Board of Directors of MINA; served as Chairman of the Governmental Affairs Committee for the American Hotel & Lodging Association; and, was Chairman of AHLA PAC. Mr. Alter is a graduate of Cornell University School of Hotel Administration.