| The Abu Dhabi Investment Authority closed on the purchase of the New York Edition Hotel at 5 Madison Avenue, according to property records filed Tuesday. The 273-room hotel is the third Edition hotel buy for the sovereign wealth fund.
It already owns the London Edition and recently paid $230 million for the Miami Beach Edition Hotel. Marriott International, which created the Edition hotel in partnership with Ian Schrager, acquired the landmarked clock tower for $165 million in 2011...............................................Full Article: Source
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