Wednesday, April 15, 2015

Abu Dhabi closes on $337M purchase of New York Edition

The Abu Dhabi Investment Authority closed on the purchase of the New York Edition Hotel at 5 Madison Avenue, according to property records filed Tuesday.
The 273-room hotel is the third Edition hotel buy for the sovereign wealth fund. It already owns the London Edition and recently paid $230 million for the Miami Beach Edition Hotel.
http://therealdeal.com/blog/2015/04/07/abu-dhabi-closes-on-337m-purchase-of-new-york-edition/

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