sbe, a Los Angeles, CA-based hospitality, real estate development and lifestyle company, has received a strategic investment of undisclosed amount from Colony Capital, LLC.
The investment will enable the company to grow its hospitality platform at a national and international level, focusing first on the eastern United States and Europe.
The platform includes Katsuya by Starck, SLS Hotels, Redbury Hotels, The Bazaar by José Andrés, Cleo, The Abbey Food and Bar and Hyde Lounge brands.
The partnership also aims at expanding sbe’s hotel and restaurant management platform through the acquisition of existing assets and brands.
Through the transaction, Colony Capital will receive a minority ownership interest in sbe. In addition, Colony Capital’s Founder, Chairman and CEO, Thomas J. Barrack Jr., and Principal Richard Nanula will sit on sbe’s board of directors. sbe Founder, Chairman and CEO, Sam Nazarian, will continue his role as Chairman of the board.
David Nazarian, President of Nazarian Enterprises, will also join sbe’s board.
Founded in 2002, sbe acquires, develops and manages hotels, restaurants, and nightlife locations.
FinSMEs
12/01/2011