Report: Marriott looks to sell Edition hotel properties

Marriott International may sell its Edition hotels to fund an expansion of the brand, according to a Bloomberg News report.

CEO Arne Sorensen told Bloomberg that there are interested buyers. Marriott would continue to operate Edition hotels after they are sold, Bloomberg reported.

Marriott and hotelier Ian Schrager teamed up to introduce Edition in 2008, but they have opened just two hotels under the boutique brand since then.

There is one Edition hotel currently in operation, in Istanbul. Edition hotels are in development in London, Miami Beach and New York. Marriott agreed in October to buy and redevelop the Clock Tower office building in Manhattan into an Edition hotel.

The owner of the other Edition removed the property, the Edition Waikiki, from the Edition flag in 2011 in a contract dispute. The hotel is currently doing business as the Modern Honolulu.
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