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]
How valuable is an old respected name in the world of business? While we’re used to tech companies selling for a few billion here and there, a single hotel building doesn’t seem like it should be worth much. But when you’re the Waldorf-Astoria, with roots in New York City dating back to the 19th century, you can command a pretty hefty price tag — $1.95 billion to be exact, which is what a Chinese insurance company is willing to pay to own a piece of hotel history. [More]
Here’s the problem with scheduling your travel and accommodations as a package deal: if you need to reschedule or change one part of the package, you run the risk of losing other parts of the package deal. Victor used Jetblue Getaways to buy a flight and hotel package, and not a cheap one. When he needed to change his travel dates less than a week before the trip, he called up to cancel the package. Nope, said JetBlue. They wouldn’t let him cancel the stay he had booked through them at the Waldorf. That was weird, because when he called up the Waldorf directly, they were happy to cancel his booking. It’s just that JetBlue won’t give him the money back, even as a credit for future travel. [More]
The bedbug lawsuits are flying… or maybe they’re crawling. Anyway, Gothamist has a post about the most recent customer to point a calamine-scented finger at the Waldorf-Astoria. [More]
The image at left has been redacted for the protection of our more sensitive readers. The events of this story, if true, simply boggle the mind. A German tourist visiting New York City alleges that his delicious steak was somehow served with a used tampon on it. Warning: blissfully grainy photo and video inside.