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Marriott Reaffirms Commitment to Starwood Merger

Marriott Reaffirms Commitment to Starwood Merger

Marriott International today reaffirmed its commitment to acquire Starwood Hotels & Resorts Worldwide, Inc. to create the world’s largest hotel company. The combined company will offer stockholders significant equity upside and greater long term value driven by a larger global ...

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Investors Eye Starwood, Marriott Earnings

With the Marriott-Starwood merger looming, investors eagerly awaited fourth quarter 2015 results for both companies. Marriott International last night reported a slightly smaller-than-expected increase in revenue for its fourth quarter, while occupancy and daily average rates improved, according to MarketWatch. Fourth ...

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AC Hotels to Welcome 22 New Properties in 2016

AC Hotels to Welcome 22 New Properties in 2016

BETHESDA, Md.—AC Hotels by Marriott, Marriott International’s upper-moderate-tier lifestyle brand, has announced global plans for 22 new design-led hotels slated to open in 2016. The brand caters to travelers with a millennial mindset. Five AC hotels are expected to open ...

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Starwood Names New CEO, Sorenson Talks Exec Job Cuts

Starwood Hotels & Resorts has named a new CEO, effective Dec. 31, following the resignation of interim CEO Adam Aron, who is leaving the company to become CEO and President of AMC Entertainment Holdings. Thomas B. Mangas, currently EVP and ...

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Marriott Scoops Up Starwood

Marriott Scoops Up Starwood

Marriott International announced this morning that it has agreed to buy Starwood Hotels & Resorts Worldwide for approximately $12.2 billion in stock and cash to create the world’s largest hotel company. Combined, the companies operate or franchise more than 5,500 ...

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