Barry Sternlicht
Barry Sternlicht
#### Full Name and Common Aliases
Barry Sternlicht is a renowned American businessman, investor, and entrepreneur.
Birth and Death Dates
Born on May 25, 1959, in New York City, USA. As of my last knowledge update, he was alive.
Nationality and Profession(s)
Sternlicht holds American nationality and has made a name for himself as an accomplished hotelier, developer, and investor. He is best known for his tenure as the CEO of Starwood Hotels & Resorts (now part of Marriott International).
Early Life and Background
Growing up in New York City, Sternlicht developed an interest in business at a young age. He pursued this passion by graduating from Cornell University with a degree in hotel administration. After college, he began his career in the hospitality industry.
Major Accomplishments
Sternlicht's most notable achievement is leading Starwood Hotels & Resorts from its inception to its sale to Marriott International for $13.6 billion in 2016. Under his leadership, Starwood expanded its portfolio of brands and increased its global presence. Sternlicht also played a key role in the development of several iconic hotels, including the W Hotel chain.
Notable Works or Actions
In addition to his work at Starwood, Sternlicht has been involved in various philanthropic efforts. He serves on the boards of several non-profit organizations, focusing on education and healthcare initiatives. As an investor, he has made strategic moves in the real estate sector, including the acquisition of several prime properties.
Impact and Legacy
Barry Sternlicht's impact on the hospitality industry cannot be overstated. His innovative approach to hotel design and management helped shape the modern luxury hotel experience. The successful sale of Starwood to Marriott International cemented his status as a visionary leader in the industry. Sternlicht's legacy extends beyond business, however. Through his philanthropic efforts, he is making a positive impact on communities around the world.
Why They Are Widely Quoted or Remembered
Sternlicht is widely quoted and remembered due to his expertise in the hospitality industry and his leadership skills. As one of the most successful hoteliers of his generation, he has a unique perspective on the evolution of luxury travel and accommodations. His insights are sought after by business leaders, investors, and consumers alike.
Quotes by Barry Sternlicht
If the market feels it's a coin-toss, we'll have to do something to make it not seem like a coin-toss,
Expanding upon Starwood Capital's longstanding relationship with GE, we are extremely pleased to announce this venture. Private capital has played an important role in meeting growing electricity demand, and in the process, has helped provide efficient, low cost power on behalf of ratepayers. GE, the industry leader, and Starwood seek to provide critical development capital and expertise to developers for select opportunities in recovering power markets,
We are excited about the opportunity to work with Mammoth on their transformation into a world-class resort destination with a real estate component to match one of the continent's finest mountains,
Over the past several months, it became increasingly clear that it would be best for our company to focus on our core global hotel business,
We are going to make each hotel obscenely rich and obscenely beautiful and position them at the top off their markets.
If I had high-ticker 10 percent financing, which would probably be the market rate, I would have to dump stuff. The interest payments would be killing me.
I've been a supporter of green initiatives for years. I've been paying more and more attention to it, you know, with three kids. I thought it was tragic when the Kyoto Protocol was killed by the U.S. It was sort of a call to action.
You go public because you want access to capital in the form of debt and equity.
You can learn everything that there is to know about the industry or the player from the company that is performing better or worse.