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Tag Archives: Starwood Hotels & Resorts

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Starwood Reports Loss in Second Quarter

Starwood Hotels & Resorts experienced lower-than-expected growth in the second quarter. A slower rate of RevPAR growth will contribute to lower fee growth in the second half of the year than previously expected, Starwood’s CFO said, but lower expenses should ...

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Marriott, Starwood Stockholders Approve Merger

Marriott, Starwood Stockholders Approve Merger

BETHESDA, M.D. and Stamford, Conn.—Marriott International, Inc. and Starwood Hotels & Resorts Worldwide, Inc. announced that at separate special stockholder meetings today the stockholders of both companies approved proposals relating to Marriott’s acquisition of Starwood, which will create the world’s ...

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Will Marriott Make Another Starwood Bid?

After nearly completing a deal that took four months of preparation, Marriott International is again at risk of losing Starwood Hotels & Resorts to Anbang Insurance Group. Marriott has now entered round two of a bidding war with Anbang, which ...

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Marriott Reaffirms Commitment to Starwood Deal

Marriott Reaffirms Commitment to Starwood Deal

BETHESDA, Md.—Marriott International today reaffirmed its commitment to acquire Starwood Hotels & Resorts Worldwide, confident that the previously announced amended merger agreement is the best course for both companies. The combined company will offer stockholders significant equity upside and greater ...

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Starwood Recieves Higher Offer from Anbang

Starwood Hotels & Resorts has received a revised proposal from the Anbang consortium with an increased purchase price of $82.75 per share, which surpasses Marriott’s raised offer from last week. The company said the new bid is “reasonably likely” to ...

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