NEW YORK CITY-A portfolio of three luxury hotels in the western US has gone to market via Barclays Capital and Jones Lang LaSalle Hotels. The three assets are among a handful of US properties and commercial mortgages that Barclays may sell this year if the price is right, according to a source familiar with the bank’s thinking.

Citing unnamed sources, the Wall Street Journal reported on Wednesday that Barclays was looking to sell about $900 million worth of loans and properties on which it had foreclosed. Wednesday’s announcement from Barclays and JLLH formally identifies three of those assets, on which the bank reportedly held more than $300 million in debt: the 538-key Fairmont Orchid Hawaii in Kohala Coast, HI; the 393-key Stanford Court in San Francisco; and the Four Seasons Vail in Vail, CO, which includes 16 condominiums and 19 fractional units among its 121 rooms. All three properties are available for purchase individually or as a portfolio, according to Barclays and JLLH.

"With the rebounding economy and the lack of new supply in these high barrier-to-entry markets, all three of these trophy assets are poised for extremely strong performance over the next several years and will command significant attention in the marketplace," Arthur Adler, managing director and CEO-Americas of JLLH, says in a release. He adds that the market for condos and fractional product in “unique locations” has greatly improved, “which offers investors with the opportunity to recognize shorter term capital appreciation through the sale of Four Seasons-branded residential units in Vail.”

The WSJ article also identified the St. Regis Hotel in Washington, DC, an office property and $500 million in performing loans among the assets that Barclays may bring to market in 2011. A spokesman for the bank declines to comment on the WSJ report, which may be read here.

In March, locally based CreXus Investment Corp. bought a $586-million portfolio of 30 commercial real estate assets including mortgage loans, subordinate notes and mezzanine loans from Barclays Capital Real Estate. Barclays said in a release that the sale to CreXus was part of the bank’s continued efforts to manage its legacy commercial real estate assets for value, while reducing exposure over time. To that end, Barclays in February sold its CMBS special servicing business to UK-based Capita Group.

London-based Barclays on Wednesday cited weaker investment banking performance in a 5% year-over-year decline in net profit to $1.65 billion for the first quarter. Revenue at Barclays Capital, the investment banking unit, declined 15% YOY.