Tag Archives: InterContinental Hotels

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 ...

Read More »
IHG, Rezidor, Asia, Indonesia, Thailand, hotelier, Malaysia

Do hotel chains still see Asia as a boom area?

Opinions differ on how economic and other woes affect future Asia is still seen as the place to be for hotel investors and developers, despite slower economic growth in the region. The hotel industry not long ago saw countries like Indonesia, Malaysia and Thailand as bright lights, but the nations are now described as “in trouble” by Political and Economic ...

Read More »