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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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How Marriott Could Lose Starwood

Even though Starwood Hotels & Resorts has accepted Marriott International’s sweetened $13.6 billion offer, some analysts believe Anbang Insurance Group may yet win out with a higher all-cash bid. Other media reports claim Chinese regulators could block Anbang’s bids for ...

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Starwood Makes Historic Entry into Cuba

Starwood Makes Historic Entry into Cuba

HAVANA—Starwood Hotels & Resorts Worldwide, Inc. has signed three new hotel deals in Cuba, marking the first U.S.-based hospitality company to enter the market in nearly 60 years. This announcement follows receipt of authorization from the U.S. Treasury Department for ...

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Examining the Logistics of Anbang’s Offer

In light of Chinese insurer Anbang’s unsolicited $12.8 billion bid for Starwood Hotels & Resorts, some analysts are predicting that Marriott, who originally won the bid to merge with Starwood, will moderately increase its offer to ensure the deal is ...

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Starwood’s Element to Make Nashville Debut

Starwood’s Element to Make Nashville Debut

Starwood Hotels & Resorts Worldwide today announced its Element brand will debut in Nashville at oneC1TY, the health and mindful living-focused community west of downtown, in 2018. Owned by an affiliate of Cambridge Holdings, Element Nashville West End will feature ...

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