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]
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]
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]
Uber and Starwood Hotels are teaming up in an effort to get more passengers to choose Uber over regular taxis, with a new partnership that gives riders Starwood rewards points every time they take a ride using the car-hailing mobile app.
Nearly 10 months after the owner of a chain of boutique hotels announced it would begin implementing the use of virtual keys to open guests’ rooms and streamline the check-in process, the plan is finally coming to fruition at 10 Starwood hotels around the world. [More]
A New Jersey couple has accused the W Hotel chain of functioning as a safe haven for prostitutes to ply their wares from the lobby, alleging in a personal-injury lawsuit that that atmosphere is responsible for an attack on the woman in June 2013. [More]
Having trouble with your Starwood hotels experience and regular customer service not helping? This guy might. After all, he founded the place.