The Marriott CEO says that Starwood Points benefits can stay the same or get better. Arne Sorenson, the CEO of Marriott, endeavors to offer a broader selection of rewards to the hotel chain’s customers. There is cause for concern among loyal Starwood guests that their loyalty points could be worth less after Marriott buys the rival […]
In order to encourage customers to book rooms direct through Marriott itself rather than through third-party vendors, the company has created a new members-only rate for patrons who subscribe to Marriott’s loyalty program. The special rates take effect on April 11, 2016 and can be taken advantage of via Marriott’s website, through phone bookings, or […]
Starwood has informed Marriott that they intend to terminate their merger agreement unless Marriott can amend terms to satisfy Starwood board that its bid is superior to that of rival offer from Anbang.
Offering stockholders significant equity upside and greater long-term value, Marriott International has reaffirmed its commitment to acquire Starwood Hotels & Resorts Worldwide Inc. Noting that the already announced merger deal is in the best interests of both the firms, Marriott said that it will work toward the successful integration of the two companies in anticipation […]
Starwood Hotels & Resorts, now on a merger path with Marriott International, has come across a takeover bid from a “consortium” of investors led by the Chinese insurance group Anbang for an aggregate value of $13 billion that works out to a unit share price of $76.