Skip navigation
NREI WIRE
Fairfield Inn Riverside

Colony NorthStar Forecloses on $1.3 Billion Hotel Portfolio

Whitehall Street Global Real Estate LP 2005 and Whitehall Street Global Employee Fund 2005, in which Goldman Sachs was a major investor, were the hotels' previous owners.

Colony NorthStar Inc. foreclosed on a $1.3 billion, 148-property limited-service hotel portfolio. Known as the “Tharaldson Portfolio,” the hotels were owned by Whitehall Street Global Real Estate LP 2005 and Whitehall Street Global Employee Fund 2005 of which Goldman Sachs & Co. was the major investor. The properties are managed by Tharaldson Hospitality Management, which originally sold the properties to the Whitehall funds in 2006.

View Original Article

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish