16.08.2013 - Marriott’s Edition hotel in New York could be sold to Abu Dhabi fund
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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