Colony Capital looks to invest in China

Raffles Beijing

While China's overall economy keeps slowing, Colony Capital, the private equity firm founded by U.S. real estate tycoon Thomas Barrack, sees opportunity. Colony is looking for cross-border investment availabilities with Chinese institutional investors.

"It's the right time for Colony Capital to do more in China," Justin Chang, executive director in charge of the firm's global private equity business, said. "Over the next three to five years, Asia—and China in particular—will be the fastest-growing part of our business." Looking ahead, Chang expects 20 to 30 percent of Colony's future capital will be deployed in the region.

Colony Capital, which has about $20 billion assets under management, expects outsized growth in China's middle class and consumer-driven sectors, including investment in media and entertainment, and financial services, where China's market remains under-served.

Virtual Event

HOTEL OPTIMIZATION PART 2 | Now Available On-Demand

Survival in these times is highly dependent on a hotel's ability to quickly adapt and pivot their business to meet the current needs of travelers and the surrounding community. Join us for Optimization Part 2 – a FREE virtual event – as we bring together top players in the industry to discuss alternative uses when occupancy is down, ways to boost F&B revenue, how to help your staff adjust to new challenges and more, in a series of panels focused on how you can regain profitability during this crisis.


Colony Capital launched in Asia following the 1997 regional financial crisis, investing more than $600 million over seven years. In 2005, Colony bought Singapore-based Raffles Holding and the 41 hotels it owned and managed for $1.25 billion.

Real estate and hotel properties, which make up about 70 percent of Colony's holdings, are a starting point for cooperation. "There are opportunities to partner with Chinese capital, partners who are interested in building, acquiring or investing in hospitality assets in the U.S. and Europe," Chang said. "We also see ourselves in those hospitality and tourism sectors in China."

Source: Reuters

Suggested Articles

The partnership aims to help restaurants streamline online orders from apps like GrubHub, UberEats, DoorDash, Chownow, Caviar, Postmates and others.

Two conferences traditionally held in the first half of each year are rescheduling for the second half.

In October, visitor arrivals were down 90.4 percent compared to 2019 and hotel occupancy was below 20 percent.