How did Barry Sternlicht make his money?
How did Barry Sternlicht make his money? Starwood Capital has $115 billion of assets under management, making it one of the world's biggest real estate investors. Sternlicht founded Starwood Capital in 1991 and later started the W hotel chain and Starwood Property Trust, one of the biggest mortgage REITs.
Who is Marriott merging with?
On November 16, 2015, Marriott International announced its plan to acquire Starwood Hotels & Resorts Worldwide. On April 8, 2016 stockholders of both Marriott International and Starwood Hotels & Resorts Worldwide approved the merger.
Is Barry Sternlicht a billionaire?
Barry Stuart Sternlicht (born November 27, 1960) is an American billionaire and the co-founder (with Bob Faith), chairman, and CEO of Starwood Capital Group, an investment fund with over $100 billion in assets under management. He is also chairman of Starwood Property Trust.
What is the net worth of Starwood Property Trust?
STWD has a market cap or net worth of $6.19 billion. The enterprise value is $25.98 billion.
Why did Starwood sell to Marriott?
Starwood opted for what it calls Marriott's “superior” bid because, according to the SEC filing, it “represented a transaction that offered superior long-term value than the proposal submitted by Company E, due to, among other things, the superior strategic benefits of a combination with Marriott because of the strong ...
How much is the 1 hotel worth?
Starwood Capital, Oxygen Hospitality, Vista Capital, Calmwater Capital, Meridian Capital Group and have recently made deals. Starwood Capital Group has sold the 1 Hotel South Beach in Miami Beach, FL for $610 million, which translates to $1.42 million per key.