Tag Archives: Sheraton

Arne Sorenson, Marriott, Starwood

Marriott surprises industry by buying Starwood

$12.2 billion deal to create the world’s largest hotelier Following a great deal of speculation about a possible tie-up between Starwood and, initially, Intercontinental Hotels Group, then later Hyatt, a deal has been announced between Starwood and Marriott International. Marriott will buy its rival Starwood for $12.2 billion, creating the world’s largest hotelier. The acquisition was approved unanimously by the ...

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