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The mindbodygreen Podcast

23: Visionary Entrepreneur Barry Sternlicht On What It Takes To Succeed & How His Eco-Luxe 1 Hotels Aim To Protect Our Planet

The mindbodygreen Podcast

mindbodygreen

Alternative Health, Health & Fitness

4.52.1K Ratings

🗓️ 10 October 2017

⏱️ 101 minutes

🧾️ Download transcript

Summary

Barry Stuart Sternlicht is the founder, chairman, and CEO of Starwood Capital Group, and chairman of Starwood Property Trust, the largest commercial mortgage REIT in the United States. He's the brains behind W Hotels, Bliss Spa, and environmental flagship brand 1 Hotels—oh, and he's also a billionaire. But he wasn't born with a silver spoon in his mouth. His father was a Holocaust survivor from Poland, his mother a biology teacher (later turned stockbroker) born and raised in New York. When you ask Sternlicht how he got from a public school education to Harvard Business School, from arbitrage trading on Wall Street to building a $50 billion real estate empire, he immediately references his biggest influences: his father and Neil Bluhm (co-founder of JMB Realty). Sternlicht makes no bones about having learned from both their great successes and their abject failures. If you'd asked a 20-something Sternlicht what drove him to succeed, he'd have said, "I wanted to be rich enough to have a tennis court and a pool." But something deeper than that has driven him to the success he's found today. What he found in the hotel industry when he first started running his own company was a deeply ingrained pursuit of mediocrity, which spurred him on to create something better. "The pervasive culture of striving to be average was not for me." But when you learn a little bit about the mission-driven nature of his latest enterprise, the 1 Hotels brand, it becomes clear that, beyond just creating something he's proud of, Sternlicht has become motivated to invest in something bigger than himself—bigger than any of us—the planet. If you're not familiar with the wellness-oriented, sustainable hotel chain, this statement from Sternlicht on the 1 Hotels homepage sums it up beautifully: "I wanted to capture the beauty of nature in a hotel and in doing so, commit to safeguarding it as best I can, a responsibility that I believe we all share." In this episode of the mbg podcast, Sternlicht digs deep, sharing the lessons that made him who he is, how he worked his way from low man on the totem pole to monolithic mogul, and how he aims to protect and conserve our world to the best of his ability (and how we can help). If there's ever been a can't-miss episode, this is it. To contact Jason with comments, questions, or speaker ideas, please e-mail podcast@mindbodygreen.com. For all sponsorship inquiries, please e-mail sales@mindbodygreen.com. Want to join our podcast newsletter? Sign up here! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Hi, I'm Jason Walkub, founder and CEO of My Buddy Green, the best-selling author of Wealth, and your host for the My Buddy

0:06.5

Green podcast, where I'll be bringing you deep and insightful dialogues with some of the greatest minds and wellness.

0:12.4

If you like what you hear, please give us a five-story. with some of the greatest minds in wellness.

0:12.6

If you like what you hear, please give us a five-star review,

0:16.2

comment, and share with your friends and family.

0:18.6

And don't forget to visit us at my buddygreen.com

0:21.2

for your daily dose of wellness.

0:23.1

Thanks and enjoy the podcast.

0:25.6

So I wanted to tell you about our new sponsor of the podcast,

0:28.2

Thrive Market.

0:29.2

As many of you know, I recently became a dad.

0:31.8

My wife, Colleen and I have an eight-month-old baby girl

0:34.2

Ellie. It's not an exaggeration when I say that as a new parent, Thrive Market has

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been a complete lifesaver, which is why I'm so excited that we've teamed up with them to offer you $60 of

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Yep, you heard that right, $60 of free groceries. It's a crazy good deal and it's going to save you a ton of money on food and products that'll make you feel absolutely amazing.

1:00.0

And you can get all the details by going to Thrive Market.com slash My Buddy Green.

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Again, Thrive Market.com slash My Buddy Green.

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If you haven't heard of Thrive Market, it's an online marketplace that's made up of a

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the type of premium food, household cleaners, and bathroom products you'd see on

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MPG. Except on Thrive, everything is 25 to 50% off retail price. They do this by taking out the middleman. They work

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