The company is listed on the London and New York stock exchanges and operates hotels in over 100 countries and territories. IHG owns and manages 15 properties in New York City. In February, the company announced that it was planning to sell the Barclay New York, the 686-room hotel at 111 East 48th Street, just a block from the Waldorf Astoria. London-based Financial Mail believes that the hotel will attract bidders from around the world, including Qatar and Abu Dhabi as well as China. Hospitality industry insiders believe that the hotel may be sold to a REIT. Based upon the latest comparable sales, the property should fetch at least $600,000 per key. Hersha Hospitality Trust is a REIT that owns interest in 76 hotels totaling 10,071 rooms, primarily located in the Northeast corridor. The company owns 11 hotels in Manhattan and one in Brooklyn.