Barclays Capital is planning to sell commercial real-estate loans and properties, that it foreclosed, The Wall Street Journal reports. The assets include four luxury hotels, an office property and $500 million in performing U.S. commercial real-estate loans.
The original face value of the assets, which includes the St. Regis hotel in Washington DC, was more than $900 million. Barclays is seeking to sell the properties and loans individually rather than as part of one package. Jones Lang LaSalle Hotels is marketing the three hotels other than St. Regis.
Click here for the story from The Wall Street Journal.