Marriott CEO on Reports of Sale to Abu Dhabi | Fox Business:
"Marriott is opening its newest EDITION branded hotel Friday in London, but that hotel, along with two others in New York and Miami Beach, are close to being sold to an Abu Dhabi government fund, according to The Wall Street Journal.
Marriott International (MAR) CEO Arne Sorenson told FOX Business a sale is being considered, but would not confirm nor deny reports about the potential buyer being the Middle Eastern sovereign wealth fund.
“We have signed a letter of intent with an institutional buyer,” said Sorenson, while declining to comment further on specifics."
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