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Barry Stuart Sternlicht (born November 27, 1960)[1] is the founder, chairman and CEO of Starwood Capital Group, the private investment firm focused on global real estate, energy, infrastructure and securities trading. He is also chairman of Starwood Property Trust, now the largest commercial mortgage REIT in the United States traded on the NYSE and Chairman of SWAY.[2][3] He previously formed Starwood Hotels and Resorts Worldwide and served as its CEO from 1995 to 2005.[4]
Early life and education
Sternlicht was born in New York City in 1960[5] and grew up in Connecticut, the son of a Holocaust survivor from Poland,[6] Maurycy Sternlicht.[7] His father worked as a plant manager; his mother, Harriet, was from New York and worked as a biology teacher and stockbroker.[7] In 1982, he graduated magna cum laude, with honors, from Brown University. In 1986, he received his MBA with distinction from Harvard Business School.[2] After graduation, he went to work for JMB Realty, a real estate investment company, in Chicago where he learned the real estate business. In 1989, after the real estate market collapsed, he was laid off and went into business on his own.[8]Career
Sternlicht was able to raise $20 million from the wealthy Ziff (see William Bernard Ziff, Jr.) and Burden families of New York which he used to purchase loans from the Resolution Trust Corporation, created by the federal government to hold the real estate assets left over from the savings-and-loan crisis.[8] In 1991, Sternlicht launched Starwood Capital Group. His goal was to buy up multi-family apartment buildings that were being auctioned off in the government’s bailout of the savings and loan crisis.[9]In 1993, Sternlicht sold the portfolio to real estate magnate Sam Zell for more than 20 percent of Zell’s Equity Residential Properties Trust. When Zell took the company public that year, Starwood saw more than a 100 percent return. Sternlicht later began to purchase hotel sites, focusing on combining his passions of architecture and real estate finance.
Under Sternlicht’s leadership, Starwood Capital Group today ranks as one of the largest and most successful investment firms focused on real estate. For the past twenty years, it has structured investment transactions with an asset value exceeding $47 billion.[4] Starwood's funds have invested in more than 70,000 apartment units, more than 2200 hotels, over 44 million square feet of office properties, 39 million square feet of retail and over 46,000 acres of land in residential subdivisions.[10][11] Today the firm manages approximately $33 billion of investor capital on behalf of its high-net-worth and institutional partners and public shareholders.[12]
From 1995 through early 2005, Sternlicht was Chairman and CEO of Starwood Hotels & Resorts Worldwide, Inc., a company he founded in 1995. Sternlicht has been credited as a dynamic and innovative hotel leader, creating new products and programs with immediate global appeal. He has been named the King of Hotels,[13] creating W Hotels, perhaps the world’s most successful “boutique” brand. Some of his other innovations include the creation of Westin’s “Heavenly Bed,” “Heavenly Bath,” “Westin Workout,” and Starwood Preferred Guest, the world’s first frequent traveler program with “no blackouts.” [2]
Awards
In 2010, Sternlicht was named Executive of the Year and Investor of the Year by Commercial Property Executive.[14] Global peer-voting polls sponsored by Private Equity Real Estate magazine named Sternlicht as the Global Industry Figure of the Year and as North American Industry Figure of the Year in 2010, his second consecutive year in this category.[15] In 2004, he was named America’s Best Lodging CEO by Institutional Investor magazine.[16] Sternlicht was inducted into the Interior Design Magazine Hall of Fame.[17]Personal
Sternlicht is a trustee of his alma mater, Brown University. He serves on the Board of Directors of the Estée Lauder Companies,[18] Restoration Hardware,[19] TriPointe Homes,[20] Baccarat,[21] Mammoth Mountain,[22] and Advisory Board of Zelnick Media.[23] He serves as Chairman of the Board of Robin Hood Foundation[24] and is on the boards of the Real Estate Roundtable,[25] Pension Real Estate Association (PREA),[26] the Dreamland Community Theatre,[27] the Juvenile Diabetes Research Foundation’s National Leadership Advocacy Program[22] and the Business Committee for the Arts.[28]He is married to Mimi (née Reichert) Sternlicht.[7][29]
William Bernard Ziff, Jr. (June 24, 1930 – September 9, 2006) was an American publishing executive. His father, William B. Ziff, Sr., was the co-founder of Ziff Davis Inc. and when the elder Ziff died in 1953, Ziff took over the management of the company. After buying out partner Bernard G. Davis, he led Ziff Davis to become the most successful publisher of technology magazines in the 1970s and 1980s.[1]
Biography
He was born on June 24, 1930 to William B. Ziff, Sr., a Jewish American publishing executive, author, and vocal proponent of Revisionist Zionism. He was mostly raised in Miami and then moved with his family to Sarasota in 1947. He graduated from Rutgers University in 1951 and then went to study philosophy in West Germany. In 1953, after the death of his father, he moved to New York City to take command of Ziff Davis Inc. One of his first moves after taking his father's place was buying out co-founder Bernard Davis who sold Ziff his share to start his own publishing company. Ziff re-directed the company toward enthusiast magazines and trade publications with the acquisition of such titles as Car and Driver, Popular Electronics, PC Magazine, World Aviation Directory and Computer Shopper.[1][2]By focusing on specialist/enthusiast publications, Ziff's salesmen were able to directly target advertisers who wanted to market to a specific audience. His approach was very successful: manufacturers and retailers were eager to advertise in his magazines at a time when general-interest publications were largely suffering from declining advertising sales.[1]
In 1978, Ziff learned that he had prostate cancer and was told he had only a few years to live. In 1984, he sold most of the consumer and business magazines for US$712.5 million keeping a few computer titles like PC Magazine. His computer magazines pioneered the format of conducting sophisticated technical tests of computer products; as a result, their reviews would often make or break the introduction of new personal computers, modems, or CD-ROM drives. Riding the wave of rapid growth in personal computing, his company quickly became the dominant computer publishing firm in the world.[3] Ziff had wanted to turn the business over to his sons - Daniel, Dirk and Robert - but they did not desire the responsibility. In 1994, he announced the sale of the publishing group to Forstmann Little & Company for US$1.4 billion.[4] The sale of the electronic publishing unit occurred later.[1]
Personal life and death
In 1963, Ziff married Barbara Ingrid Beitz in a Methodist ceremony.[5] His spouse was the daughter of the German industrialist Berthold Beitz and his wife Elsa who were recognized by Yad Vashem (the Holocaust Martyrs' and Heroes' Remembrance Authority) as "Righteous among the Nations" for being the rare example amongst ethnic Germans by providing refuge and risking their lives to save Jews during World War II.[6] They had three sons:[7] Dirk Edward Ziff (b. 1965); Robert D. Ziff (b. 1967); Daniel M. Ziff (b. 1973). His sons are principals of Ziff Brothers Investments in Manhattan and Greenwich, Connecticut and were listed on the 2012 Forbes 400 list of the richest Americans with an aggregate net worth of approximately $12.6 billion.[8]Ziff later married Tamsen Ann Kojis, the daughter of Dr. Ferdinand Kojis[9] and Harriet Henderson, a famous opera soprano who performed under the name Harriet Henders with conductors Arturo Toscanini and George Szell;[10] Ziff died of prostate cancer in Pawling, New York, where he lived with his second wife.[1][11]
で、
Tunisia attack: Swansea family 'ran for their lives'
26 June 2015 Last updated at 16:22 BST
A Welsh family has been caught up in a deadly attack on a Tunisian beach which has seen at least 27 people killed.
The dead are mostly foreigners who were in the popular town of Sousse.
Amanda Roberts, from Swansea, is staying in the Royal Kenz hotel with her family, which is next door to the affected Imperial Marhaba Hotel.
They were on the beach when the attack took place and she told the BBC: "Someone said 'run for your life'."
Read more
Tunisia attack: Shot Pontypridd man in Sousse was 'human shield'
http://www.bbc.com/news/uk-wales-33292480
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Baccarat Hotel Barry Stuart Sternlicht
Ben-Ami Shillony - Collected Writings
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Ben-Ami Shillony - 2013 - History
The Shanghai Zionist Association continued to praise Japan. On 3 November 1928, Israel's Messenger's editorial congratulated Emperor Hirohito on his enthronement the following week. It praised Hirohito, thanked ...
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