5 Madison Avenue

The Abu Dhabi Investment Authority (ADIA) is selling the New York Edition Hotel at 5 Madison Avenue, with an asking price of $271 million. The 271-key luxury hotel, housed in the landmark clock tower overlooking Madison Square Park, is being marketed by Eastdil Secured. ADIA purchased the hotel from Marriott International in 2015 for $337 million as part of an $815 million deal for three Edition hotels. Marriott originally acquired the property for $165 million in 2011.