Colony Capital looking for distress
Colony Capital looking for distress 19 Jul 2010 Colony Capital is likely to add to its US$16-billion hotel portfolio via distressed investments. By Shawn A. Turner Finance Editor Shawn@HotelNewsNow.com SANTA MONICA, California—Already a multibillion-dollar presence in the hotel industry, Colony Capital has plans to become even bigger. Hotel investments make up approximately US$16 billion of the firm’s total US$30 billion in assets under management. And with the industry fighting to rebound from the downturn, hotels fit nicely inside Colony’s philosophy of investing in out-of-favor sectors. http://www.hotelnewsnow.com/Article/3690/Colony-Capital-looking-for-distress