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.
After a three year absence, Marriott returns to Hua Hin with the stunning Hua Hin Marriott Resort & Spa, which just opened last week. Centrally located and sitting on 3.5 hectares of beachfront land in Hua Hin, there are 322 rooms and suites to wow the holidaymaker seeking a retreat in Thailand’s paradise.
Investments to the tune of Bt74.2 billion will be made by TCC Land Asset World Co to develop new hotels in Thailand by 2022, according to company CEO Soammapat Traisorat.
No word yet on the fate of your Starpoints or their value Last week, hot on the hotel gossip vine was the report of the Hyatt Hotel Corporation being in talks to acquire the Starwood Hotel and Resort Worldwide chain. Apparently those talks were either in the myth area, the shopping wish list of Hyatt […]