Articles tagged “anbang”

It looks like tighter restrictions on outbound investment are starting to hinder dealmaking at HNA. Although the Rezidor deal may still go through, you've got to wonder what it means for the rest of 2017 and beyond.

The idea that being bigger is better in the hospitality industry is one that isn’t going away anytime soon. IHG, whether it might be the target of an acquisition or an acquirer, is in a solid position for both scenarios. And the company could probably use a bit of a jolt in terms of innovation and global growth.

In China, anything is possible when it comes to antitrust clearance and there are a number of potential reasons why regulatory authorities there extended their review of the Marriott-Starwood merger. This prolonged waiting game could be part of a larger strategy to extract concessions and finish off part of what Anbang started in March.

Some Chinese investors have plenty of cash to spend on foreign investment and between easier approval processes and a slower Chinese economy the Chinese are eager to spread their portfolios overseas.

Anbang, who? We thought this day might never come, but here we are: Marriott and Starwood are now just a few months away from becoming the world's largest hotel company.

We can only imagine what Anbang and its investor group, as well as Starwood, must be thinking right now.

As outsiders looking in, the bidding war between Anbang and Marriott for Starwood played out like a soap opera. But for Starwood employees, the drama taking place was very real, and the outcome will have a very direct impact on their futures.

We're going to miss the drama Anbang brought to what we all assumed would be your standard merger/acquisition between Starwood and Marriott. Instead, what we got was a story the likes of which the travel industry has rarely seen before.

Anbang very well could have afforded to buy Starwood, and the threat of an Anbang takeover was "very real" for Marriott. We probably haven't seen the last of Anbang. But for whatever reason, Anbang is no longer in the picture, and Marriott and Starwood can now continue to form the world's largest hotel company. Let's see how it goes.

Sorenson seems very happy to see Anbang depart the room and clear the way for a merger he's clearly fought so hard for.