Tag: Starwood Hotels and Resorts

• Tuesday, November 17th 2015 - 09:07 UTC

  Marriott agrees to buy Starwood, making it the largest hotel chain in the world

  

  Marriott International has agreed to buy Starwood Hotels and Resorts in a $12.2 billion deal that will make it the largest hotel chain in the world. The boards of directors of both companies have unanimously approved a merger agreement, Marriott announced this morning. The combined companies will operate or franchise more than 5,500 hotels with 1.1 million rooms worldwide. About 35% of the properties are outside the USA.