Just three weeks after crashing Marriott’s party and throwing billions of dollars in the ring to take over Starwood Hotels — the operator of brands like Sheraton, St. Regis, Westin, and W — China’s Anbang Insurance Group packed up its bids and decided to go home, leaving Marriott and its $13.25 billion to be crowned the merger winner. [More]
Just when you thought $13.6 billion was enough to put an end to the bidding war for Starwood Hotels — home to brands like Sheraton, St. Regis, Westin, and W — and crown Marriott the victor, the other suitor, China’s Anbang Insurance Group, comes back to sweeten the deal with an offer of $14 billion. [More]
Momentum in the tug-of-war over Starwood Hotels — home to brands like Sheraton, St. Regis, Westin, and W — has shifted once again. Only days after China’s Anbang Insurance appeared destined to win with its “superior proposal,” Marriott managed to dig deep with the help of a few billion additional dollars.
Earlier this week, it looked like the $12 billion acquisition of Starwood Hotels — which includes brands like Sheraton, St. Regis, Westin, and W — by Marriott was in doubt after last-minute interest from China-based Anbang Insurance Group. Today, there is no doubt; that original deal is dead and Starwood is going with the higher offer from Anbang. [More]
Five months after Starwood Hotels and Resorts – which operates brands like Sheraton, St. Regis, Westin, and W – announced it would sell itself for $12 billion to Marriott to make the world’s largest hotelier, the company revealed that it had received an unsolicited takeover bid of roughly $14 billion from a group of suitors. [More]
Soon, every time you step out of the shower and onto a bath mat to towel off at a Marriott hotel in the U.S., all that fabric you touch will have been made in America. The hotel company says it’s the first in the hospitality industry to move to exclusively U.S.- made towels and bath mats in all its 3,000 U.S. locations. [More]
When a product is recalled by the Consumer Product Safety Commission, it becomes illegal for a retailer to continue to sell that item. But Home Depot apparently wasn’t following that rule for the past three years, selling 28 different products after they were recalled. [More]
A merger craze seems to be taking hold this month: first there was the mega beer merger between Anheuser-Busch InBev and SABMiller, then news this morning that pharmacy giants Walgreens Boots Alliance and Rite Aid were headed down the aisle. Now, it looks as if the need to grow by expanding one’s portfolio has trickled into the lodging industry. [More]
Although it’s illegal to smoke in most indoor spaces in New York — office buildings, bars, restaurants, retail establishments, etc. — those looking to light up a cigarette can still do so in hotel and motel rooms that are specified as smoking rooms. That could change soon, if a new bill in the state legislature succeeds.
Sometimes, we hurt the ones we love. Which is why even if we didn’t mean to be so harsh, many products we use every day have become the victims of trademark genericization, meaning they’ve morphed from a single product identified under a name to an entire product category. And when courts get involved it becomes “genericide,” which sounds even more murderous. Can’t you just imagine Law & Order: Genericized Trademarks? [dun dun] [More]
Until now, Southwest Airlines has had its wings spread exclusively over American soil. But starting today, the carrier will start flying outside of the country, adding flights to the Caribbean first and other international destinations later this summer and into the fall. [More]
In an agreement with the New York state Attorney General’s office, the owner of several McDonald’s locations in Manhattan will pay $500,000 to settle allegations that his company shortchanged 1,600 current and former employees at the fast food chain. [More]
Flight delays at LaGuardia Airport in New York City are finally easing up this morning, after a Southwest Airlines flight had an issue with its nose landing gear collapsing on the runway last night. At least 10 people suffered minor injuries and the airport had to close down temporarily while officials dealt with the incident, snarling traffic for hours. [More]
Remember reader Mark, whose almost brand-spanking-new Westinghouse Digital TV failed only three weeks after he bought it? After we published his story, we heard from even more owners of failed Westinghouse Digital televisions. They were all very sad and frustrated. Now, Mark is no longer sad or frustrated, because he has a new replacement TV and contact information for some people at Westinghouse Digital who will actually answer the phone. [More]