Mon, Jun 14, 2021
A A A
Welcome mteam
RSS

Sovereign Wealth Funds Briefing - Categorized | Investment

Marriott sells Edition hotels to Abu Dhabi government investment fund

Posted on 08 January 2014

Bethesda-based Marriott International Inc. is selling three Edition hotels to companies owned by the Abu Dhabi Investment Authority.
Marriott has already closed on the sale of its London Edition hotel and says it has binding sales agreements on Edition hotels in Miami Beach and Manhattan, both of which are still under construction. Marriott will get a total of $815 million for the properties, roughly equal to total development costs of all three hotels, it says………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 19873 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
banner
banner
banner
June 2021
M T W T F S S
« Nov    
 123456
78910111213
14151617181920
21222324252627
282930