	allegis aeg to sell canadian hotels allegis corp said it has created a limited partnership to sell selected hotels in canada to the public it said the offering is expected to raise in excess of mln canadian dlrs and will be completed by the end of september the limited partnership will be similar to the westin hotels limited partnership completed last year when allegis sold westin hotels in san francisco and chicago allegis reported a pretax gain of mln dlrs as a result of that partnership an allegis spokesman said the offerings have been in planning stages for a long time and are unrelated to recent corporate developments such as the firm s recapitalization plan and a threatened takeover by an investor group lead by coniston partners and the pilots of its united airlines unit the spokesman said the company has not yet identified which of its canadian hotels will be offered for sale allegis has pct ownership in westin hotels in vancouver calgary ottawa and toronto and pct interest in hilton international hotels in toronto and montreal it owns pct of the westin in edmonton richard ferris chairman of allegis said in a statement the hotel limited partnerships allow the company to convert unrecognized asset appreciation into cash as with the proceeds from the earlier limited partnership the money will be used for general corporate needs the spokesman said merrill lynch capital markets and wood gundy will be lead underwriters for to the public offering the limited partnership will be offered outside the u s allegis said reuter 
