Colony Capital LLC
From Wikipedia, the free encyclopedia
Colony Capital, LLC 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.
Colony is mostly focused on investments into the hospitality and gambling business.
Contents |
[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 $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 $5.5 billion, or $90/share.
[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 Asia Investors I, L.P.
- Colyzeo Investors, L.P
[edit] Casinos and hotels
A large part of Colony LLC investment portfolio involve gambling resorts and 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:
- Atlantic City Hilton
- Las Vegas Hilton
- Bally's Casino Tunica
- Resorts East Chicago was Harrah's East Chicago
- Resorts Tunica was Harrah's Tunica
- Resorts Atlantic City
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 kooint partner)
- Swissotel
