Sternlicht: I'm Not Trying to Compete with Malls

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May 1 (Bloomberg) -- Starwood Capital Group LLC’s planned purchase of a majority stake in seven U.S. malls is a “one-off” deal that represents a bet on low interest rates and inflation, said Chief Executive Officer Barry Sternlicht. He speaks with Bloomberg's Stephanie Ruhle Bay at the Milken Institute 2012 Global Conference in Los Angeles on Bloomberg Television's "Bottom Line." (Source: Bloomberg)