Marriott International has sold the Miami Beach EDITION hotel for $239 million to companies owned by the Abu Dhabi Investment Authority. This is the second of three EDITION hotels to sell to the ADIA sovereign wealth fund, with the first being the London EDITION in January of 2014. Located at 2901 Collins Avenue in Miami Beach, the hotel has 294 rooms, 28 bungalows and sits on 3.5 acres. The hotel site was sold to Marriott in July 2010 for $57.5 million, including a 12-story building that had been gutted ahead of a total re-development.
