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.
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 […]