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Marriott/Starwood merger receives final approval
By Jane Kitchen 21 Sep 2016
Starwood has more than 1,270 properties in 100 countries, and operates several hotel brands, including W
Hotel operators Marriott International and Starwood have received approval from the Chinese Ministry of Commerce on their merger – the last regulatory approval required.

The companies are expected to complete the merger transaction before the market opens on 23 September, making Marriott the world’s largest hotel company.

Starwood shares will cease trading at that time, and shareholders will receive US$21 in cash and .80 shares of Marriott International stock.

The merger was almost derailed earlier this year when a consortium led by Anbang Insurance Group pledged a higher price for Starwood; the consortium later withdrew its offer.

Marriott has more than 4,300 properties in 85 countries and territories, and operates and franchises hotels under The Ritz-Carlton, Bulgari, Edition, JW Marriott, Autograph Collection, Renaissance, Marriott, Delta brands and more. Starwood has more than 1,270 properties in 100 countries, and operates and franchises the St. Regis, The Luxury Collection, W, Design Hotels, Westin, Le Meridien, Sheraton, Four Points by Sheraton, Aloft, Element and the recently introduced Tribute Portfolio brands.


News
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The Wellness Tourism Association (WTA), is celebrating its fourth anniversary by striking up a partnership with World Wellness Weekend (WWW) – a global wellness event created to help people adopt healthier lifestyles. The new partnership ... More
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People with early-stage Parkinson’s should do regular exercise to slow down the progression of the disease. The finding comes from a six-year study that followed 237 people who were developing Parkinson’s. The participants in the ... More
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The World Food Travel Association (WFTA) has named Preidlhof’s spa director and transformational wellness coach Patrizia Bortolin its global co-ambassador for wellness tourism. Launched in 2001, the WFTA is a non-profit organisation with a mission ... More
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Membership-based massage franchise The Massage Company (TMC) has launched a training academy to set up its own fully-certified, internationally-recognised training scheme. TMC explained that the move was motivated by a shortage of UK therapist talent ... More
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IHG Hotels & Resorts is set to launch the first resort from its recently acquired luxury brand, Regent Hotels & Resorts, in South East Asia in Q1 2022. Situated on a tropical island off Vietnam’s ... More
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Annual industry event The Healing Summit has been rescheduled from May to new dates on 3-4 September 2022. As in previous years, the conference will be held at Pine Cliffs Resort in Albufeira, Portugal, but ... More
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The Como Group has announced plans to open its first luxury boutique hotel in France in the world-famous wine region of Burgundy. Como Le Montrachet will open in phases, with stage one scheduled for completion ... More
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The new spa at the recently-opened Four Seasons Napa Valley in Calistoga, California, has been inspired by the resort’s onsite vineyard and local Native American healing wisdom. The 13,050sq ft Spa Talisa is inspired by ... More
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Barefoot luxury hotel and wellness brand Soneva has concocted a new spa and wellness concept combining ancient healing wisdom with modern science. Named Soneva Soul, the launch is guided by the principle of ‘lifestyle evolution’ ... More
     
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Gharieni GmbH
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News   Products   Magazine
NEWS
Marriott/Starwood merger receives final approval
POSTED 21 Sep 2016 . BY Jane Kitchen
Starwood has more than 1,270 properties in 100 countries, and operates several hotel brands, including W
Hotel operators Marriott International and Starwood have received approval from the Chinese Ministry of Commerce on their merger – the last regulatory approval required.

The companies are expected to complete the merger transaction before the market opens on 23 September, making Marriott the world’s largest hotel company.

Starwood shares will cease trading at that time, and shareholders will receive US$21 in cash and .80 shares of Marriott International stock.

The merger was almost derailed earlier this year when a consortium led by Anbang Insurance Group pledged a higher price for Starwood; the consortium later withdrew its offer.

Marriott has more than 4,300 properties in 85 countries and territories, and operates and franchises hotels under The Ritz-Carlton, Bulgari, Edition, JW Marriott, Autograph Collection, Renaissance, Marriott, Delta brands and more. Starwood has more than 1,270 properties in 100 countries, and operates and franchises the St. Regis, The Luxury Collection, W, Design Hotels, Westin, Le Meridien, Sheraton, Four Points by Sheraton, Aloft, Element and the recently introduced Tribute Portfolio brands.
RELATED STORIES
Marriott and Starwood set to merge after green light from shareholders


The on-again off-again merger of Starwood Hotels & Resorts and Marriott International looks set to go ahead after shareholders of both companies voted en masse for the proposed deal.
Anbang withdraws offer to buy Starwood


The consortium lead by Anbang Insurance Group has withdrawn its proposal to acquire Starwood, paving the way for the Marriott/Starwood merger to move ahead. Anbang dropped its offer 'as a result of market considerations' and does not intend to make another proposal, Starwood said in a statement.
Breaking: Starwood-Marriott merger back on again after Marriott ups its offer


The Starwood-Marriott merger is back on again after a rival offer last week led by Chinese insurance company Anbang tried to thwart the deal.
Starwood plans to end Marriott merger deal after ‘superior’ offer from Anbang


Starwood has received a new bid from the Chinese consortium that wants to buy it and has notified Marriott of its intention to terminate the merger agreement it had with the rival hotel firm.
MORE NEWS
Wellness Tourism Association aligns with World Wellness Weekend to appoint new ambassadors
The Wellness Tourism Association (WTA), is celebrating its fourth anniversary by striking up a partnership with World Wellness Weekend (WWW) – a global wellness event created to help people adopt healthier lifestyles.
Four hours exercise a week can slow down development of Parkinson's
People with early-stage Parkinson’s can should use regular exercise in order to slow down the progression of the disease.
Patrizia Bortolin joins WFTA to champion wellness food tourism
The World Food Travel Association (WFTA) has named Preidlhof’s spa director and transformational wellness coach Patrizia Bortolin its global co-ambassador for wellness tourism.
The Massage Company's new training academy guarantees its graduates a job
Membership-based massage franchise The Massage Company (TMC) has launched a training academy to set up its own fully-certified, internationally-recognised training scheme.
Sweet dreams: Rosewood rolls out Alchemy of Sleep retreats
Rosewood Hotels & Resorts has launched a global sleep retreat collection designed to promote rest through sleep-inducing treatments, movement-driven activities and special amenities.
IHG's first Regent Resort in Vietnam to feature tropical wellness retreat
IHG Hotels & Resorts will launch the first resort from its recently acquired luxury brand, Regent Hotels & Resorts, in South East Asia in Q1 2022.
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