Colony Capital said it’s in default on $3.2 billion in hospitality loans, confirming a warning earlier this year about the coronavirus pandemic’s impact on the U.S. economy from Thomas Barrack, the global investment firm’s executive chairman and CEO.
Colony Capital Defaults on $3.2 Billion in Hotel Loans
Los Angeles Firm, Along With Subsidiary REIT, Step Up Efforts to Preserve Capital in Pandemic
CoStar News
May 11, 2020 | 8:22 P.M.
RELATED ARTICLES
This news story is available exclusively to CoStar subscribers.
Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.
This news story is available exclusively to CoStar subscribers.
Ready to Learn More?
Sign Up For a Personalized Demo.
Sign Up For a Demo To Learn More.
Already A Subscriber? Sign In
IN THIS ARTICLE
- Companies
- BrightSpire Capital, Inc
Real Estate