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Abu Dhabi close to acquiring 42 Marriott Hotels
- United Arab Emirates: Monday, February 18 - 2013 at 04:27
The Abu Dhabi Investment Authority (ADIA) is close to buying 42 hotels managed by Marriott International and controlled by the Royal Bank of Scotland, Bloomberg has reported, citing a person familiar with the situation. The emirate's sovereign wealth fund has been a preferred bidder since last summer, and the sale includes hotels in London and Edinburgh, the person said.
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