Mariott Vacation Club has bought a coveted beachfront hotel in South Beach for $23.5 million, The Miami Herald reports.
The historic Edgewater Hotel will be known as Marriott Vacation Club, South Beach.
The 49-room, studio and suite hotel at 1410 Ocean Drive has been a staple of the area since 1936, the Herald said.
To read the full report, go to The Miami Herald.
