Colony Capital Inc. - Ordinary Shares - Class A

NYSE:CLNY   3:59:59 PM EDT
+0.03 (+0.46%)
Debt Financing / Related, Divestitures / Spin-offs, Equity Investments

Colony Capital Announces Sale Of Hospitality Portfolios

Published: 09/24/2020 20:25 GMT
Colony Capital Inc. - Ordinary Shares - Class A (CLNY) - Colony Capital Announces Sale of Hospitality Portfolios.
Colony Capital Inc - Deal for $2.8 Billion.
Colony Capital Inc - As Part of Deal With Highgate, Co to Transfer 5 of 6 Portfolios Held in Hospitality Segment.
Colony Capital - Under Deal, Co Will Transfer About 55% Interest in Thl Portfolio Held in Other Equity and Debt Segment.
Colony Capital Inc - Entered Into a Definitive Agreement to Sell Six of Its Hospitality Portfolios to Highgate.
Colony Capital - Transaction Will Reduce Company's Consolidated Debt Outstanding by $2.7 Billion.