Marriott Vacation Club has announced their purchase of The Edgewater Hotel in South Beach, Miami, FL for $23.5 million. MVC, one of the prolific leaders in vacation ownership worldwide, has adopted the historic property to join their renowned Marriott Vacation Club Destinations program. The Edgewater Hotel, which will be rebranded as Marriott Vacation Club, South Beach, hosts praiseworthy studios and suites that are currently available through the Destinations program as well as through Interval International, MVC’s affiliated international timeshare exchange company.
“We are excited to offer our Owners and guests another new addition to our collection of properties around the world that puts them right in the heart of South Beach and all it has to offer to visitors,” said Stephen P. Weisz, president and chief executive officer of Marriott Vacations Worldwide. “This dynamic new destination will also result in the establishment of another new sales gallery, continuing our strategy of growing our sales distribution centers.”
This purchase quickly followed MVC’s purchase of The Strand in New York City, which came under the new management in January and will be rebranded to Marriott Vacation Club on March 5th. With both of these purchases, Marriott Vacation Club has acquired two properties in hugely metropolitan areas, expanding their reach to incorporate two vastly different cultures under the same brand.
Marriott Vacation Club, South Beach will be renovated to integrate the resort’s historical elements with a unique modern design. Marriott Vacation Club has also announced that it has dropped its previously disclosed commitment to obtain a 182-unit property in South Beach.
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