What Marriott Told Its Hotel Owners About the Impending Merger

While the details of Marriott International's acquisition of Starwood Hotels & Resorts has immense ramifications for the entire lodging sector, it's unclear how the deal will affect Marriott's own franchisees and hotel owners. With a new, combined catalog of 30 brands, it's likely that some flags will be tweaked, combined or dropped all together when the deal is official in mid-2016. Here's the letter Marriott sent to owners and franchisees announcing the acquisition, according to its SEC filings, and detailing what affect it will have on the company's hotels in the near term.

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