Colony Capital
From Wikipedia, the free encyclopedia
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| Type | Private |
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| Founded | 1991 |
| Headquarters |  Los Angeles, California |
| Industry | Private equity |
| Products | Real estate |
| Website | www.colonyinc.com |
Colony Capital is a private, international investment firm based in Los Angeles, California. The company, founded in 1991, has offices around the world. The company focuses on real estate opportunities around the world either on its own, through funds run by the company, or in joint ventures. The company is run by billionaire Tom Barrack.
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[edit] History
It purchased Raffles International on July 18, 2005. This included the 41 hotels and resorts operated under the Raffles Hotel and Swissotel brand names. There are plans to expand the chains, particularly in Asia.
On January 30, 2006, it acquired Fairmont Hotels and Resorts of Toronto, Ontario with Kingdom Hotels International as a joint partner for US$3.24 billion.
On April 10, 2006, it acquired French professional football (soccer) team Paris Saint-Germain.
On February 25, 2007, it signed a definitive agreement to acquire Station Casinos alongside members of the founding Fertitta family for US$5.5 billion, or US$90/share.
On November 11, 2008, Michael Jackson transferred the title of his Neverland Ranch to Sycamore Valley Ranch Company LLC, a joint venture between Jackson (represented by attorney, L. Londell McMillan) and an affiliate of Colony Capital.[1][2][3][4] It is unclear if Jackson still owns the property.[5] The Santa Barbara County Assessor's Office stated Jackson sold the property for US$35 million.[6][7]
[edit] Types of investments
[edit] Investment funds
The traditional investment portfolio at Colony are their investment funds, which includes:
- Colony II
- Colony III
- Colony IV
- Colony V
- Colony VI
- Colony VII
- Colony VIII
- Colony Asia Investors I, L.P.
- Colyzeo Investors, L.P.
- Colony Realty Partners L.P.
[edit] Casinos and hotels
A large part of Colony LLC investment portfolio involves gaming resorts mainly in the United States. Some are joint projects with Accor Casinos.
- Resorts International Holdings was created in July 2005 and is headquartered in Las Vegas, Nevada:
Colony is also involved in investing in luxury hotels and resorts in Asia and North America:
- Raffles International
- Raffles Hotels & Resorts
- Fairmont Hotels and Resorts - pending approval (Kingdom Hotels International as a joint partner)
- Swissotel
[edit] Former properties
[edit] References
- ^ Jackson's Neverland ranch is sold
- ^ tmz.com, Neverland May Be Jacko's Ticket to Vegas
- ^ ukpress.google.com, Jacko gives up Neverland ranch deed
- ^ news.yahoo.com, Michael Jackson gives Neverland to corporation
- ^ http://www.sbcvote.com/opis/Browse.aspx
- ^ eonline.com, Michael Jackson Lets Neverland Fly Away
- ^ www.smh.com.au, Neverland peters out for pop's Peter Pan
[edit] External links
- Colony Capital (company website)
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