Opinion: Edition portfolio sale an impressive achievement for Marriott

01/10/2014 | HotelNewsNow.com

Marriott International stands to benefit greatly from its recent $815 million sale of the London Edition and two other Edition properties in development, writes Shawn Turner, finance editor for hotelnewsnow.com. Selling two of the hotels while under construction allowed Marriott to set a higher sale price, and retaining ownership of the condominium units at the Miami Beach Edition could also net the company about $100 million more from their sale. Marriott is also poised to gain greater revenue from management fees for the three hotels, Turner writes.

View Full Article in:


Published in Briefs: