Yesterday, shareholders of Marriott International and Starwood Hotels and Resorts voted to approve the merger between the two companies that will create the largest hotel chain in the world. Recall Marriott recently won the bidding war to acquire Starwood and this approval was the next step in the merger process. Onward they go… […]
Category: Marriott-Starwood Merger
Anbang Is Abandoning It’s $14 Billion Bid
The saga continues and it looks like its over. Anbang is abandoning its $14 billion bid for Starwood “due to various market conditions.” It looks like Marriott will once again come in, and this time at the higher $13.6 billion offer that it had to come up with when Anbang started the bidding war. The […]
Starwood Gets Higher Offer Once Again From China’s Anbang Insurance Group Co.
Once again, China’s Anbang Insurance Group Co. offered a superior competing bid to Marriott’s bid. This time Anbang made a 14 billion dollar bid which exceeded Marriott’s latest 13.6 billion dollar bid. Starwood is considering the offer and I look forward to seeinf what Marriott’s next move will be. However, some lodging analysts think that […]
Marriott Wins Bidding War For Starwood
Recall last November, Marriott and Starwood announced a merger. The deal was set to close at the end of this month, but earlier this week there was another offer for Starwood. A group led by China’s Anbang Insurance Group Co. offered a superior competing bid to acquire Starwood. Marriott had a few days to counter […]
The email From Marriott About The Merger
“As a valued member, we’re excited to share the news that Marriott International will join together with Starwood Hotels & Resorts to create the world’s largest hotel company. For our Marriott Rewards members, this will mean even more choices in even more places, giving you access to 1.1 million rooms across 5,500 hotels in […]
Marriott Buys Starwood-11/16/2015
After lots and lots of rumors as to who was going to buy Starwood, it was announced today that the winner is Marriott at a price of $12.2 billion. This acquisition, will make this the biggest hotel company in the world. Together, the companies will operate or franchise 5,500 hotels with a total […]