Private Equity

Colony Capital’s Largest Cmbs Hotel Portfolios Face Receivership

by therealdeal.com posted 2months ago 104 views
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.

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