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Posts Tagged ‘Starwood Hotels’

Starwood Hotels CEO on Earnings and Outlook

Geithner On Community Banks

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Ever wonder how people become successful?  How people go from nothing to the top of the world?  Or does unabashed success seem like an unattainable pipe dream that happens to “other” people, much like winning the lottery? In this video courtesy of the Wall Street Journal, Barry Sternlicht essentially gives the humble and abbreviated version of how he went from an unemployed 31 year old with a baby on the way, to the CEO of the biggest hotel company in the world just seven short years later. Color us at Llenrock impressed. Read the rest of this entry »

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The Week of September 26- October 2

- After a year plus of writing down toxic assets, could it be time to “write them up?”

- Now that note sales are in vogue, big deals are back as Kimco closed on a $300M sale.

- Despite an uptick in positive news recently, Freddie Mac’s August delinquency report isn’t too rosy.

- If you are a retail landlord in a high profile neighborhood, you might want to sit down before reading this.

- Glorious Property Holdings became the first successful Chinese real estate IPO in more than 15 months. Read the rest of this entry »

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Barry Sternlicht, former CEO of Starwood Hotels and Resorts & Founder of Starwood Capital Group, has been making some “interesting” business decisions lately. Just four years after Starwood’s acquisition of Paris’ acclaimed Hotel de Crillon, as well as the French crystal company Baccarat, Starwood has put the Hotel de Crillon back on the market. (If you’ve got the $420 million they’re asking, then it’s all yours!) Upon purchasing these two high-class assets, Sternlicht had a vision to create three new hotel brands: Baccarat Hotels and Resorts (five-stars), “1” Hotels & Residences (“green” luxury), and Crillon (six-stars). All three were to be held by the Starwood Capital Group Global. (Just in case you’re not familiar with Starwood Capital Group, they are a real estate private equity firm that Sternlicht started after leaving Starwood Hotels and Resorts. The two companies are completely unrelated.) Today, there are only a couple of Baccarat Hotels in existence and construction is underway on the “1” Hotels. The Crillon hotel chain, which was the most anticipated of the three, will clearly never come into fruition. Why is Sternlicht selling his baby you ask? I couldn’t tell you…but what I can tell you is this:

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