Colony Capital looks to asset sale

Accor Tribe

Colony Capital reported that its portfolio companies had defaulted on $3.2bn of debt secured on hotels and healthcare-related properties.

CEO Tom Barrack said that the company “has begun discussions with advisors to evaluate strategic and financial alternatives to maximise the value of its hospitality assets”.

The group is also shareholder in AccorInvest.

As of 31 March, Colony Capital had a portfolio of 157 properties, mostly in the major cities in the US, with 78% affiliated to Marriott

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