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Colony Buys $35M Hotel Owner Stake

Colony Capital has acquired a minority share in luxury hotel, nightclub and restaurant owner, sbe.

Colony Capital has acquired a minority share in luxury hotel, nightclub and restaurant owner, sbe. The California-based private equity firm paid $35 million for the stake in Sam Nazarian’s company, adds The Wall Street Journal.

Colony Capital, which has around $30 billion in assets under management, will also get two of the five seats on sbe’s board. Nazarian will continue in his role as Chairman of SBE’s board of directors.

Click here for the release from Business Wire.

Click here for additional coverage from The Wall Street Journal.

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