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]
combining beds
Marriott To Buy Starwood Hotels For $12.2B
By 11.16.15
Less than a month after Hyatt Hotels was reported to be in talks to buy rival Starwood Hotels and Resorts Worldwide, it was a different lodging industry giant that popped the $12.2 billion question. [More]
Hyatt In Talks To Buy Rival Starwood Hotels Brand
By 10.28.15
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]
