Colony Capital

Colony 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 team Paris Saint-Germain.[7]

On February 25, 2007, it signed a definitive agreement to take Station Casinos private in a 75%/25% split with members of the founding Fertitta family for US$5.5 billion, or US$90/share. The subsequent economic downturn caused Station Casinos to declare bankruptcy in 2009, and when it emerged in 2011 Colony Capital owned a much smaller portion after providing more cash.[8][9][10] Founder, Chairman, and CEO Thomas Barrack said it "could have been the worst investment ever" in terms of timing.[11]

On November 11, 2008, Michael Jackson transferred the title of his 2,700 acre[5] estate 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.[12][13][14][15] It is still unclear whether Colony Capital has a part in the property.[16] Jackson earned a total of US$35 million when he agreed to the joint venture between himself and Colony Capital.[17][18]

In March 2010, Colony arranged a financing and marketing package for Annie Leibovitz. The New York celebrity photographer had been in financial difficulty and in danger of losing to her previous lender, ArtCapital, the rights to her photographs and negatives and her three Greenwich Village townhouses. ArtCapital's credit was for $24 million.[5] In December 2010, Colony purchased Miramax from Disney with Qatar Investment Authority, Tutor-Saliba Corporation and The Weinstein Company as part of a joint venture called Filmyard Holdings for $663 million.[19][20]

In January 2017, Colony NorthStar, Inc. (NYSE: CLNS) was formed through a tri-party merger between Colony Capital, Inc. (NYSE:CLNY), NorthStar Asset Management Group Inc. (NYSE:NSAM) and NorthStar Realty Finance Corp. (NYSE:NRF).[21]

In September 2017, Colony NorthStar agreed to sell its Townsend Group unit to Aon for $475 million.[22]

In October 2017, Colony entered discussions to purchase The Weinstein Company, a movie and TV production studio that sustained damage after its co-founder, Harvey Weinstein, was accused of multiple counts of sexual harassment over three decades.[23] In the wake of the Harvey Weinstein sexual assault scandal, in late October 2017, it was reported that Colony Capital LLC had proved hesitant to purchase Weinstein Co. after a week of exclusive negotiations. Fortress Investment Group was also in talks to provide a loan to Weinstein Co.[24]

In June 2018, The New York Times reported that Colony North Star had raised more than $7 billion in investments since Donald Trump won the 2016 presidential election.[25] 24 percent of the money came from the United Arab Emirates and Saudi Arabia.[25]

• Thomas J. Barrack, Jr. - Executive Chairman & Chief Executive Officer
• Marc Ganzi -Chief Executive Officer - Digital Colony & Chief Executive Officer-elect
• Mark M. Hedstrom - Executive Vice President, Chief Financial Officer & Chief Operating Officer
• Ronald M. Sanders - Executive Vice President, -Chief Legal Officer & Secretary
• Jonathan Grunzweig - Chief Investment Officer of Non-Digital
• Jacky Wu - Executive Vice President - Finance, Chief Financial Officer & Treasurer - Elect

• Douglas Bath - Healthcare
• David Belford - Investment Management
• Jean-Philippe Besse - Head of Investor Relations – Europe
• Justin Chang - Global Head of Private Equity
• Peter J. Eichler, III - Investment Management
• Yannis Ermilios - Portfolio Management
• Donna L. Hansen - Chief Administrative Officer & Global Head of Tax

Source:[26]

The traditional investment portfolio at Colony are their investment funds, in which retail investors pool their funds, such as with mutual funds.

A large part of Colony LLC investment portfolio involved gaming resorts mainly in the United States. Some were joint projects with Accor Casinos.

• Resorts International Holdings was created in July 2005 and was headquartered in Las Vegas, Nevada:
  • Atlantic City Hilton
  • Las Vegas Hilton
  • Bally's Casino Tunica

Colony was also involved in investing in luxury hotels and resorts in Asia and North America:

• Raffles International
  • Raffles Hotels & Resorts
  • Fairmont Hotels and Resorts
  • Swissotel

• Used to co-own the Paris St. Germain football team.[27]