During a recent earnings call, Starwood Property Trust CEO Barry Sternlicht broached a touchy topic in the real estate world: the possibility of a recession. The head of the $56 billion real estate investment trust told investors and analysts that “the only thing we have to worry about is a calamitous recession,” warning of a slowing economy largely thanks to the national political environment. Specifically, Sternlicht said Starwood needs to be “über-careful” in the hotel
source https://therealdeal.com/issues_articles/how-much-are-nyc-hotels-hurting/
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