{"id":123559,"date":"2016-04-08T00:00:00","date_gmt":"2016-04-07T21:00:00","guid":{"rendered":"https:\/\/rhn.ro\/shareholders-approve-marriotts-acquisition-of-starwood\/"},"modified":"2026-03-28T17:44:10","modified_gmt":"2026-03-28T15:44:10","slug":"shareholders-approve-marriotts-acquisition-of-starwood","status":"publish","type":"post","link":"https:\/\/rhn.ro\/en\/shareholders-approve-marriotts-acquisition-of-starwood\/","title":{"rendered":"Shareholders Approve Marriott&#8217;s Acquisition of Starwood"},"content":{"rendered":"<div>On April 8, the shareholders of Starwood Hotels &amp; Resorts Worldwide and Marriott International approved the acquisition of Starwood by Marriott International.<\/div>\n<div><\/div>\n<div>The $12.4 billion agreement through which Marriott will take over Starwood will lead to the creation of the world&#8217;s largest hotel group with approximately 30 brands. The new company will own over 5,700 hotels with 1.1 million rooms globally, and Marriott will gain a larger presence in the markets of Europe, Latin America, and Asia.&nbsp;<\/div>\n<div><\/div>\n<div>According to the latest offer, Starwood shareholders will receive $21 in cash and 0.8 Marriott shares for each share they hold, which is the equivalent of $73.42\/share.<\/div>\n<div><\/div>\n<div>Holders of over 97% of Marriott&#8217;s voting shares voted in favor of the transaction, as did over 95% of Starwood shareholders, according to a joint statement from the two American companies.&nbsp;<\/div>\n<div><\/div>\n<div>The transaction is expected to be finalized by the middle of this year.<\/div>\n<p>Source: <a href=\"http:\/\/www.capital.ro\" data-wplink-url-error=\"true\">Capital<\/a><\/p>\n<h3>Frequently Asked Questions<\/h3>\n<p><strong>What is the value of the Marriott-Starwood deal?<\/strong><\/p>\n<p>The acquisition is valued at approximately $12.4 billion.<\/p>\n<p><strong>How many hotels will the combined company operate?<\/strong><\/p>\n<p>The new entity will manage over 5,700 hotels and 1.1 million rooms worldwide.<\/p>\n<p><strong>What did Starwood shareholders receive in the deal?<\/strong><\/p>\n<p>Shareholders received $21 in cash and 0.8 Marriott shares for each Starwood share held.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On April 8, the shareholders of Starwood Hotels &amp; Resorts Worldwide and Marriott International approved the acquisition of Starwood by Marriott International. The $12.4 billion agreement through which Marriott will take over Starwood will lead to the creation of the world&#8217;s largest hotel group with approximately 30 brands. The new company will own over 5,700&hellip;<\/p>\n","protected":false},"author":0,"featured_media":66048,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2852],"tags":[],"thb-sponsors":[],"class_list":["post-123559","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hotels-restaurants"],"article_style_override":"","post-style":"","post_via":"","post-top-image":"https:\/\/rhn.ro\/wp-content\/uploads\/2019\/11\/hotelieri-2.jpg","_links":{"self":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts\/123559","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/comments?post=123559"}],"version-history":[{"count":0,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts\/123559\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/media\/66048"}],"wp:attachment":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/media?parent=123559"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/categories?post=123559"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/tags?post=123559"},{"taxonomy":"thb-sponsors","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/thb-sponsors?post=123559"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}