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New Starwood Offer Might Delay Marriott’s Ratings Momentum

New Starwood Offer Might Delay Marriott’s Ratings Momentum

NEW YORK—Fitch Ratings continues to see positive ratings momentum for Marriott International stemming from its planned merger with Starwood Hotels & Resorts. However, less creditor friendly financial terms associated with Marriott’s revised offer for Starwood increases execution risk and will ...

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Preferred to Launch 24 Properties in 2016

Preferred to Launch 24 Properties in 2016

CHICAGO—Preferred Hotels & Resorts, announces 24 new properties worldwide scheduled to launch before the end of the year, presenting options for travelers in both new and timeless destinations. Monument Hotel—Launching March 2016 This new five-star palace hotel housed in a ...

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Airbnb Looks to Expand Its Reach

Not content to simply offer home rentals anymore, Airbnb is looking for ways to give customers the full vacation experience with packages that include services such as personal chefs, restaurant reservations, art gallery tours, and bicycle rentals. Sources say that ...

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Quarter of American Tourists Considering Cuba Visit

According to the latest Skift Survey of American adult Internet users, the appeal for a U.S. tourist to spend a vacation in Cuba skyrocketed to 25 percent following the media coverage of the historic visit made by the sitting president ...

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Starwood Chooses Marriott’s Sweetened Deal

Today, Starwood Hotels & Resorts Worldwide agreed to Marriott International’s raised $13.6 billion merger offer, topping Chinese insurer Anbang’s $13.16 billion offer. This news comes just three days after Starwood said it would terminate Marriott’s buyout agreement in favor of ...

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China’s Aggressive Approach to Hotel Acquisitions

China’s Aggressive Approach to Hotel Acquisitions

NEW YORK—Decelerating industry fundamentals and weakness in forward-looking equity market prices for hotel-related companies hasn’t kept Chinese companies from dominating the hotel investment landscape recently, according to Fitch Ratings. Chinese investors have been aggressively bidding on mostly upper-tier hotel assets ...

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