Marriott

Category Archives for Marriott.

EU to Clear Marriott/Starwood Deal, Starwood Opening New Sydney Hotel, 8 Properties Coming to Australia

FPSheraton

Marriott will win approval for its Starwood merger from EU antitrust authorities without any concessions according to Business Insider. In other Starwood news, a new Four Points by Sheration will open near Sydney’s Central Station in 2018. The hotel will have 297 guest rooms and sit next to the University of Technology Sydney.  The news comes after Starwood recently lost management of…

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Marriott/Starwood Merger Challenged in Suit by Hotel Owners in NY & Chicago

Marriott Starwood

Marriott’s merger with Starwood is being challenged by hotel owners in New York and Chicago who say the combination would violate their exclusivity agreements with Starwood. Owners of the Westin Times Square and Sheraton Grand Chicago filed suit Tuesday, arguing the merger would unfairly eat into their business. They are seeking to block Marriott from taking…

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Marriott “Zero Buyer’s Remorse”, Anbang Got Too High Profile” for Chinese Govmt

putrajaya-marriott

Marriott CEO Arne Sorenson said on Friday morning that the company has zero buyer’s remorse…though they of course would have loved to acquire Starwood for $1 billion less. “We have the only binding deal with Starwood, we have zero buyer’s remorse. We continue to believe that what we can create by pulling these two companies together…

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Bloomberg: No Way for Marriott to Make Starwood Work Unless They Sell Property, Starwood CEO – We’re on a Wild Ride

SPG

Bloomberg has a few interesting quotes in their latest coverage of the on-going Marriott / Starwood merger saga. Would Marriott need to sell real estate in order to upstage Anbang’s offer? Would investors sacrifice upside for a guaranteed merger close? Meanwhile, Starwood’s CEO told employees in a message to prepare for a wild ride as…

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Starwood Battle Continues – Anbang Raises Offer, “Superior Proposal” to Marriott

Starwood Le Meriden

It’s back on! Anbang has increased their offer for Starwood hotels to $82.75 in cash per share, a level that the Board feels is superior to Marriott’s revised offer.  The board will convene today as previously scheduled, but will immediately adjourn the meeting until April 8th. Anbang’s updated offer is $4.75 per share higher than the…

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Group Interview w/ CEOs of Marriott, Hilton, Kimpton, & more: Thoughts on the Future…

JW Marriott LA Live

USA Today held their annual roundtable discussion with six top hotel executives at the JW Marriott Los Angeles L.A. LIVE near the end of January. Travel writer Nancy Trejos moderated the discussion which included the CEOs of Marriott, Hilton, Kimpton, Loews, AccorHotels Americas, and G6 Hospitality. Some of the more interesting topics discussed amongst the panel…

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An Intriguing Reason to Get and Keep the Marriott Rewards Premier Credit Card

Marriott_Logo

The Marriott Rewards Premier Credit Card is currently offering a welcome bonus of 80,000 Marriott Rewards points after spending $3,000 on purchases in the first three months from account opening. We have occasionally seen temporary offers for this card as high, but never anything higher. I have had the Marriott Rewards card for over six years now.…

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Starwood Agrees to Marriott’s Sweetened Bid, Merger Back On

Marriott Revised Starwood Offer

Starwood has accepted a sweetened bid from Marriott that valued at $13.6 billion, besting the offer from China’s Anbang. Starwood shareholders will receive $21 in cash and .80 shares of Marriott common stock for each share of Starwood. The deal values Starwood shares at $79.53 based on Friday’s closing price.  Starwood shareholders will own about…

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