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Tag Archives: Starwood Hotels & Resorts Worldwide

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Starwood Profit Beats Expectations

Quarterly earnings reports continue to roll in from major hotel industry players this week. Starwood Hotels & Resorts Worldwide today reported better-than-expected first quarter earnings as it works toward closing its merger with Marriott International. “We had a very strong ...

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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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Anbang Offer Puts Starwood-Marriott Merger at Risk

Starwood Hotels & Resorts has received a $12.84 billion buyout offer from a consortium led by China’s Anbang Insurance Group, threatening to derail its planned takeover by Marriott International. The consortium made the unsolicited offer on March 10 to acquire ...

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Starwood Closes 2015 with Record Signings, Openings

Starwood Closes 2015 with Record Signings, Openings

STAMFORD, Conn.—Starwood Hotels & Resorts closed 2015 with 220 new signed hotel management and franchise agreements, a 26 percent increase over the prior year, marking the sixth consecutive year of increased signings and the most incremental signings in its history. ...

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