Sunstone Announces Formation of CEO Search Committee

. October 14, 2008

MARCH 17, 2008. Sunstone Hotel Investors, Inc. (NYSE:SHO) announced today that the board has formed a committee to conduct a search for a new president and chief executive officer, replacing Steven R. Goldman, who recently resigned.

The committee is comprised of three board members: Robert A. Alter, Keith M. Locker and Thomas A. Lewis.

About Sunstone Hotel Investors, Inc.

Sunstone Hotel Investors, Inc. is a lodging real estate investment trust (REIT) that, as of the date hereof, has interests in 46 hotels with an aggregate of 16,070 rooms primarily in the upper-upscale segment operated under nationally recognized brands such as Marriott, Hyatt, Hilton, Starwood and Fairmont.

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