With the U.S. hotel market recovering, some of the country's largest hotel companies are ready to resume their efforts to divest themselves of real estate.

Real estate trusts are in vogue, if you're among those who've made good money on REITs, and you're congratulating yourself on your good fortune, it's time for a reality check, writes Brett Arends.

The U.K. office and retail REIT's strategy is to sell mature properties in order to raise cash for new investments.

German company Deka Immobilien Investment will buy 19 West 44th St. for $123.2 million, or about $422 a square foot.