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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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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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