Jones Lang LaSalle Hotels is handling the sale of the Royalton and Morgans hotels for the company, which as of November 30 had liabilities of $801.2 million. Its market cap is $282.2 million, according to Reuters data.
Bids for the two hotels are due next week, said sources familiar with the matter.
Morgans could not be reached immediately for comment.
Jones Lang La Salle Hotels declined to comment.
The two hotels offer a buyer high-end assets in the most coveted urban locations, which are enjoying a surge in demand as business travel recovers.
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