Articles tagged “starwood”

Starwood Preferred Guest members: Don't burn your loyalty cards yet.

We told you so.

The Anbang investor group's last-minute bid nearly doubled the compensation Starwood executives will receive, if the new Marriott deal closes. Golden parachutes, indeed.

If you thought the drama playing out between Starwood, Marriott, and Anbang was already complicated enough, wait until you read this.

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.

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.

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.

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.

Marriott was able to make an offer when many doubted it could muster what it takes.

The hotel race in Cuba is officially on.