He has found a way to pay back the banks, keep collecting his monthly sallary by just selling properties little by little. His visionary management is visionary in a way that he sees how to keep collecting. He knows his company is history and just wants to collect enough to retire.
The prof of this was what another person wrote "who in their right mind sells the Mexico City hotel during the swine flu and the Paris hotel as you begin to see recovery". My answer is simple someone who knows he has to collect enough money to last him through his retirment while apeasing banks by doing their job through a "pre-arranged foreclosue". Its easier for someone in the market to sell them than the banks who would have to manage them while they sell them.