Barry sternlicht gay

He mastered capital.

They lived in Greenwich, Conn., and summered in Nantucket. In 2004, he led a $3.9 billion buyout, financed mainly by debt. Tell it to the brave staff who saved hundreds during the 2006 terror attack at Mumbai’s Taj Mahal Hotel. He was also accepted into the Interior Design Hall of Fame at some point in 2005. Tell it to Jamal, the front desk agent who stayed unpaid for hours to help a stranded family.

Many hoteliers watched, worried.

The Westin Gamble (1994)

His actions were not just business deals, they were seismic shifts that reverberated throughout the industry. When the financial crisis slammed in 2008, occupancy rates dropped-but not to zero. It’s in a server’s tired smile after a double shift. She knows how thrilling it is to come up with a business idea and watch it take off.

Housekeepers clean 16 rooms instead of 12. Instead – the lambs remained silent. A shell game. The pandemic exposed the gap.Some companies protected their people, even at a loss. Inside it, you’ll find lessons no course, influencer, or hotel school will give you. Pride was built from things you couldn’t measure — a thank you from a guest, a compliment from a colleague, a full dining room at breakfast.

We’d seen this script before.

The Unquantifiable Truth

The fundamental metric of hospitality isn’t on the balance sheet. Hyatt just made new cuts , Marriott too, I will report on it in a future blog. But here’s the cruel twist — in 2021, he repurchased Extended Stay America for $6 billion and repeated the cycle.