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Marriott International agrees to $815M sale of 3 Edition hotels

Marriott International has entered into an agreement to sell the London Edition, the Miami Beach Edition and the New York Edition hotels to companies owned by the Abu Dhabi Investment Authority for a total of $815 million. The London Edition has already been conveyed to the new owners and the remaining two properties are expected to be conveyed after construction is completed. Marriott will retain management duties for the three properties. Read the HotelsMag.com story here.

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