Marriott buys Starwood for US$12.2 billion
Combined company will be world's largest hotel chain
Add BT as a preferred source
Seattle
MARRIOTT International Inc will buy Starwood Hotels & Resorts Worldwide Inc for US$12.2 billion to create the world's largest hotel chain with top brands including Sheraton, Ritz Carlton and the Autograph Collection.
The combined company will own or franchise more than 5,500 hotels with 1.1 million rooms worldwide and give Marriott greater presence in markets such as Europe, Latin America and Asia including India and China.
TRENDING NOW
Oiltek, Marco Polo Marine, Nam Cheong, OKP – Singapore boutique fund bets big on SGX small caps
CDL, Hong Realty trump 3 other bidders with S$542.4 million offer at S$1,865 psf ppr for Peck Hay plot
‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
SpaceX IPO raises US$75 billion in biggest debut of all time, firm valued at US$1.77 billion
