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Sovereign Wealth Funds Briefing - Categorized | Investment

Marriott’s Edition hotel in New York could be sold to Abu Dhabi fund

Posted on 16 August 2013

Marriott International Inc. is close to selling three hotels under development, including one in Manhattan, to an Abu Dhabi government fund. A potential deal with the Abu Dhabi Investment Authority isn’t yet final but sources told Dow Jones Newswires it could be worth more than $800 million.
The hotels in London, Miami Beach and New York are part of Marriott’s Edition brand of boutique-style hotels the company is developing with hotelier Ian Schrager, according to Dow Jones………………………………………..Full Article: Source


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