FINANCIAL NEWS

Marriott International to sell three hotels, Abu Dhabi potential buyer

12 Sep 2013

(MENAFN) Marriott International is close to sell three of its hotels to Abu Dhabi, Arabian Business reported.

The hotelier is considering the sale of properties in New York, Miami Beach and London.

In the Second quarter of this year, Marriott International went through a 10.6 percent rise in RevPAR in its properties in the Middle East and Africa.

Marriott International’s profit growth in the region hit 25 percent in the April-June period on the back of global positive performance.

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