“When it’s really ugly, it’s a good time to invest”: Sternlicht on Starwood’s hunt for opportunities

When the coronavirus started to take hold, Barry Sternlicht compared it to World War III. With the pandemic having completely overwhelmed the global economy, Starwood Property Trust’s CEO updated that statement during the company’s first-quarter earnings call on Monday. “We’re about halfway” through the war/crisis, he said, adding that Starwood has been on the lookout for opportunities, especially when it comes to hotel acquisitions. “It’s really ugly…But obviously when it’s really ugly, it’s a good

source https://therealdeal.com/2020/05/07/when-its-really-ugly-its-a-good-time-to-invest-sternlicht-on-starwoods-hunt-for-opportunities/