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Marriott Sells Recently Opened Edition Miami Beach for $230M

Foreign Investor Acquires 294 Rooms in South Florida
By Chabria Hill
April 1, 2015 | 5:13 P.M.

Marriott International, Inc. sold the Miami Beach Edition hotel at 2901 Collins Ave. for $230 million, or approximately $782,000 per room. The new owner is under international investor Abu Dhabi Investment Authority (ADIA).

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