"The historic Edgewater Hotel in South Beach will now be known as Marriott Vacation Club, South Beach after the leading timeshare company purchased the coveted beachfront property for $23.5 million.

The 49-room, studio and suite hotel at 1410 Ocean Drive has been a staple of the area since 1936. Kinney said the hotel won’t undergo infrastructure changes but rather refurbishments to match Marriott design standards — but its history will be preserved.

Guests can already book a stay at the Marriott Vacation Club, South Beach, but the hotel won’t complete full refurbishments until early 2017."

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