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11-01-14

Abu Dhabi buys 3 Marriott properties in USD815m deal

(MENAFN) Marriott International has announced the sale of three of its hotels to Abu Dhabi Investment Authority-owned companies, Arabian Business reported. The hotel operator said that the USD815 million deal was for properties in London, New York City and Miami Beach. President and chief executive officer of Marriott International said: "The sale of all three company-owned hotels is a powerful endorsement of our Edition brand."