The Miami Edition Hotel opens

Ian Schrager, the hotelier behind the Delano hotel, partnered with Arne Sorenson, CEO of Marriott International to open the The Miami Beach Edition.

The 3.5-acre property has a tropical resort aesthetic. The hotel completed four years of renovations. Marriott purchased the site for $57.5 million and paid for the development of the new hotel.

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The furloughs will affect those at its domestic owned properties as well as its corporate staff.

The company is reducing its corporate workforce 40 percent to approximately 100 full-time-equivalent employees.

As of April 2, more than half of Accor’s branded hotels were closed worldwide, a portion the company said could grow to two-thirds in coming weeks.