Starwood Capital Group LLC CEO Barry Sternlicht discusses his investments in out of favor malls in smaller towns as a hedge for inflation. He believes that malls are attractive because they can be refashioned to improve profitability, and he estimates that current purchases have the potential for double digit cash on cash returns. He is also bullish on hotels but he does see some areas where bubbles are developing.
http://www.bloomberg.com/video/91758719/
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