It’s Still A Waiting Game For Hotel Investors, As Owners Still Have High Valuations In Mind

Thomson200  / Wikimedia

Starwood Capital Group CEO Barry Sternlicht sees the economic downturn spurred by the coronavirus pandemic as a growth opportunity for his brands, including 1 Hotels. Pictured is 1 Hotel Brooklyn Bridge. Thomson200 / Wikimedia

Skift Take: It’s nearly time for opportunistic investors like Starwood Capital’s Barry Sternlicht to swoop in on distressed hotel assets, but they’d better have the pockets to stomach at least another year of no returns on investment.

— Cameron Sperance

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Starwood Capital’s Barry Sternlicht Sees Hotel Investment Opportunities But Vows to Be Patient

Thomson200  / Wikimedia

Starwood Capital Group CEO Barry Sternlicht sees the economic downturn spurred by the coronavirus pandemic as a growth opportunity for his brands, including 1 Hotels. Pictured is 1 Hotel Brooklyn Bridge. Thomson200 / Wikimedia

Skift Take: It’s nearly time for opportunistic investors like Starwood Capital’s Barry Sternlicht to swoop in on distressed hotel assets, but they’d better have the pockets to stomach at least another year of no returns on investment.

— Cameron Sperance

Read the Complete Story On Skift