Mariot

Abu Dhabi Investment Authority (ADIA) has purchased The Miami Beach EDITION hotel from Marriott International for around $230m.

The current deal is the second in a series of three anticipated sales of Marriott-owned EDITION hotels to firms owned by ADIA.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

The agreement to sell three EDITION properties was first announced in January 2014, when the London EDITION was sold to ADIA.

Marriott is planning to sell its third property to ADIA, The New York EDITION, in the first quarter of 2015.

Marriott International president and CEO: "The Miami Beach EDITION is a defining example of this extraordinary brand.

"Marriott is planning to sell its third property to ADIA, The New York EDITION, in the first quarter of 2015."

"We look forward to welcoming and delighting many thousands of guests at this spectacular hotel in a world-renowned destination… one that is certain to be known as the next-generation urban resort."

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Situated between South Beach and North Beach of Miami, the property is a complex of structures, spaces, and settings, offering a new kind of resort environment.

Marriott finalised for long-term management agreements a few months back with owners, who will build an EDITION hotel and residences in the Los Angeles area.

Situated on the famed Sunset Boulevard in West Hollywood, the property is slated to open in 2018.

Introduced by Marriott in collaboration with Ian Schrager, EDITION hotels are planned for New York, US, Bangkok, Thailand, Sanya and Wuhan, China, Bali, Indonesia and Abu Dhabi, UAE, in addition to West Hollywood.

Image: The Miami Beach EDITION hotel. Photo: courtesy of Marriott International, Inc.