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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