Introducing ‘Barry Sternlicht’ The Real Estate Investor Mastermind
Introducing ‘Barry Sternlicht’ The Hotel Investor Mastermind
29th Annual Hunter Hotel investment Conference keynote address by Barry Stenlicht, Chairman & CEO of Starwood Capital Group. (Above)
Sternlicht was born in New York City in 1960 and grew up in Stamford, Connecticut. He is the son of a Holocaust survivor from Poland, Maurycy Sternlicht. His father worked as a plant manager; his mother, Harriet, was from New York and worked as a biology teacher and stockbroker.
In 1982, he graduated magna cum laude, with honors, from Brown University. He then worked as an arbitrage trader on Wall Street. In 1986, he received his MBA with distinction from Harvard Business School. After graduation, he went to work for JMB Realty, a real estate investment company, in Chicago where he learned the real estate business. In 1989, after the real estate market collapsed, he was laid off and went into business on his own.
Hotels Business Ventures
In 1994, in partnership with Goldman Sachs, Sternlicht’s company purchased Westin Hotels & Resorts in a $561 million transaction. Sternlicht’s innovations included the “W” brand of hotels and the Westin Heavenly Bed. The bed was modeled after the bed in Sternlicht’s home.
In January 1995, Sternlicht purchased Hotel Investors Trust, an almost-bankrupt real estate investment trust, and took over as CEO.
In 1997, Sternlicht’s company acquired ITT Sheraton in a $13.3 billion transaction, topping a bid by Hilton Worldwide.
Powerful Board Positions
Sternlicht serves on the Board of Directors of the Estée Lauder Companies and Baccarat S.A. He serves as Chairman of the Board of Robin Hood Foundation and is on the boards of the Dreamland Community Theatre, the Juvenile Diabetes Research Foundation’s National Leadership Advocacy Program and the Business Committee for the Arts.
He has previously served on the board ofhttps://www.magnatelifestyle.com/wp-admin/post-new.php directors of the Pension Real Estate Association and the Real Estate Roundtable. He is a past trustee of his alma mater, Brown University.
Barry Sternlicht was married to Mimi (Reichert) Sternlicht, who he met at Brown University, but they separated in 2016. In 2016, Sternlicht moved to Florida.
Original Bio Source: https://en.wikipedia.org/wiki/Barry_Sternlicht
Bonus Interview ‘Barry Sternlicht’