When Colony Capital revealed in May that it was in discussions with lenders after having defaulted on $3.2 billion in hotel loans, the Tom Barrack-led firm cautioned “there can be no assurances that the company will be successful in such negotiations.” In fact, at the time the Los Angeles-based investment firm had already defaulted on a forbearance agreement following earlier negotiations with one lender. Now, Colony is in jeopardy of losing control of its two The post Colony Capital may lose control of 2 largest CMBS hotel portfolios appeared first on The Real Deal New York.