The Inside Story of Anbang’s Long Pursuit to Acquire Starwood
If you thought the drama playing out between Starwood, Marriott, and Anbang was already complicated enough, wait until you read this.
Marriott International News
The journey of the largest hotel chain in the world, Marriott International, Inc. – now with more than seven thousand hotel, residential, and timeshare properties – began with a root-beer stand in Washington, D.C. in 1927 started by J. Willard and Alice S. Marriott. Following its $13.3 billion acquisition of Starwood Hotels & Resorts in 2016, it became the largest global hotel company. It currently commands a mammoth portfolio of more than two dozen hotel brands such as JW Marriott Hotels, The Ritz-Carlton, The Luxury Collection, Delta Hotels, Marriott Vacation Club, Le Méridien, Sheraton Hotels and Resorts, Courtyard, Fairfield, and W Hotels. Its properties contain nearly a million and a half rooms worldwide. Through its premier loyalty program Bonvoy, it is engaged in partnerships with the likes of United Airlines, Uber, American Express, Hertz, and others to optimize customer engagement.
What Marriott Is Telling Its Shareholders About Starwood the Second Time Around
Unlike Marriott, Starwood doesn’t need to be as persuasive in its communications with shareholders about the new deal. It just has to give them the facts and urge them to vote in line with the board’s recommendation. Instead, it can wait to see if a better offer comes up unexpectedly which, if history has shown, is still a definite possibility.
This Is How Marriott Could Lose Starwood to Anbang’s Investor Group
Money talks, and Anbang seems to have a lot more of it to spend right now than Marriott is willing to give up to keep Starwood.
Expedia and Marriott Know That Small Is Definitely Not Beautiful
Boutique may work when it comes to a relatively small business and finding a nice hotel room for the night, but the biggest travel companies, such as Expedia and Marriott, need to get bigger to keep up with the competitive pack.
Marriott Investor Call: This Is What We Have in Store for Starwood
This is assuming Marriott and Starwood actually close their deal this year, which, given what's happened over that past week, is still not a sure thing, obviously.
Starwood Accepts Marriott’s Counter-Offer Worth $13.6 Billion
Marriott was able to make an offer when many doubted it could muster what it takes.
Marriott Enters the Cuban Market Like Starwood and Airbnb Before It
The hotel race in Cuba is officially on.
Will Marriott Be Able to Top Anbang’s Offer for Starwood?
Marriott needs to figure out just how badly it wants Starwood. And Starwood needs to figure out what's better for them in the short term (Anbang) versus the long term (Marriott, maybe).
Starwood Accepts Anbang’s Takeover Bid, Marriott Plans a Counter-Offer
Better for Starwood employees and better for investors — at least in the short term.
Expedia CEO: Marriott and Hilton’s Direct Booking Moves Will Hurt Them
When it comes to Marriott and Hilton pushing customers to book directly on their own websites, hell hath no fury like an online travel agency scorned. This could eventually get rough.