Starwood Gets Sweetened Bid From Chinese Buyers
A Chinese consortium has raised its bid for Starwood Hotels and Resorts to an offer that appears to be superior to last week's offer from Marriott International.
A Chinese consortium has raised its bid for Starwood Hotels and Resorts to an offer that appears to be superior to last week's offer from Marriott International.
The competition to buy Starwood Hotels & Resorts heated up Monday morning with the announcement that Marriott raised its offer to more than $13 billion.
Shares of Starwood Hotels & Resorts Worldwide popped about 10% in Monday's premarket following an announcement that the company it has received a new buyout offer.
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If there was one well-telegraphed potential buyout, it was the sale of Starwood Hotels & Resorts Worldwide Inc. (NYSE: HOT). It turns out that Marriott International Inc. (NASDAQ: MAR) was the winner…
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Marriott International has agreed to acquire Starwood Hotels & Resorts Worldwide in a deal valued at more than $12 billion.
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JW Marriott Hotels & Resorts announced on Friday the opening of its largest North American property, the JW Marriott Austin.
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