CBRE Hotels has been appointed to handle the sale or recapitalisation of the Willow Hotels Portfolio, which includes the Shoreham, Mansfield and Franklin Hotels in Manhattan.
The 826-room portfolio includes hotels in the northeast US and Canada. CBRE vice chairman William Shanahan said: "We are excited to present such a high-quality offering to the market. There are very few opportunities for an investor to gain such a strategic and significant foothold
throughout these top lodging markets."