Barry Sternlicht compares the coronavirus pandemic to a race at the Indianapolis Speedway gone wrong. As a pace car laps around the track, lenders have to pull into the pit to change the tires and replace auto bodies. “We have never experienced that,” said Sternlicht, chairman and CEO of Miami Beach-based Starwood Property Trust, during a second quarter earnings call with analysts on Wednesday. Sternlicht previously compared the pandemic to World War III, as well
source https://therealdeal.com/2020/08/05/starwoods-barry-sternlicht-predicts-demand-for-hotels-retail-will-not-return-to-pre-covid-levels-for-awhile/
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