We've really made a complete pivot out of lodging: Colony's Ganzi
Colony Capital CEO Marc Ganzi discusses how his Real Estate Investment Trust is changing its current investing strategy. The company is selling its hospitality assets. It's about the future, says Ganzi, and the board recognized that a lot of traditional real estate has been disintermediated by digital technologies. The move we made to sell our lodging assets was very important. But the most important thing, he adds, is to return cash back to the balance sheet.