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Sovereign Wealth Funds Briefing - Categorized | Investment

Abu Dhabi said to be behind $800mln hotel deal

Posted on 20 August 2013

Abu Dhabi is believed to be behind a $800m deal to buy three hotels from Marriott International, it was reported. The three hotels, which are currently under construction in London, Florida and New York, are being developed under Marriott’s boutique Edition brand.
While the buyer was not disclosed, the Wall Street Journal linked the Abu Dhabi Investment Authority to the deal. A spokesperson from the sovereign wealth fund declined to comment on the reports………………………………………..Full Article: Source


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