How difficult could it be to divest from businesses that only have your name on their hotels?

[HoneyBadger]

2. There is a market in which you can sell stocks immediately without thinking

In fact management of public companies are required to do this without much oversight in order to prevent accusations of timing. $100M + commercial real estate deals are more about handshakes and dinners. The accountants run the numbers, but the deals are made by a couple of rich guys that have known each other all their lives. So divesting oneself of real estate does not happen in the same way. These guys are not flipping HUD properties for $20k. On the other hand, there is very very little that an owner of property can do to affect value in the sheet term. If it happens, it happens. Else you are looking at 20 years down the line. In addition, his properties are everywhere. Not like he is going to pump up values in Bushwick because that is all he has.