{"id":124078,"date":"2015-11-16T00:00:00","date_gmt":"2015-11-15T22:00:00","guid":{"rendered":"https:\/\/rhn.ro\/marriott-hotel-chain-acquired-starwood-hotel-chain-2\/"},"modified":"2026-03-28T20:58:35","modified_gmt":"2026-03-28T18:58:35","slug":"marriott-hotel-chain-acquired-starwood-hotel-chain-2","status":"publish","type":"post","link":"https:\/\/rhn.ro\/en\/marriott-hotel-chain-acquired-starwood-hotel-chain-2\/","title":{"rendered":"Marriott hotel chain acquired Starwood hotel chain"},"content":{"rendered":"
Marriott International has entered into an agreement to acquire Starwood Hotels & Resorts Worldwide in a cash and stock transaction valued at $12.2 billion, which will create the world’s largest hotel company.<\/div>\n
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The boards of both companies have unanimously approved the merger agreement. The resulting company will own 5,500 hotels and a total of 1.1 million rooms across more than 100 countries. The transaction with Marriott is expected to be finalized by mid-2016.<\/div>\n
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Marriott will pay $11.9 billion in stock and $340 million in cash.<\/div>\n
<\/div>\n
The transaction values each Starwood share at $72.08 per unit, including a takeover offer component of $2 in cash per share.<\/div>\n
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"We have been in business for a long time, but Starwood has a greater global presence than Marriott," said Arne Sorenson, CEO of Marriott and the individual who will lead the newly formed company.<\/div>\n
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In July of this year, Starwood held discussions with potential investors, including InterContinental Hotels Group, Wyndham Worldwide, and sovereign wealth funds.<\/div>\n
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"Our board concluded that a combination with Marriott will generate greater long-term value for our shareholders and a better, stronger future for our company," stated Bruce Duncan, Chairman of Starwood.<\/div>\n
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In August, the Starwood Hotels & Resorts chain inaugurated the first Sheraton unit on the Romanian market in Bucharest and is negotiating the opening of hotels in Cluj-Napoca and Timisoara.<\/div>\n
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Starwood Hotels & Resorts Worldwide Inc. is one of the world’s leading hospitality and leisure companies, with nearly 1,200 properties in 100 countries and 181,400 employees within its owned and managed properties.<\/div>\n
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Among the brands operated by Starwood Hotels & Resorts Worldwide Inc. are St. Regis, Luxury Collection, Westin, Le Meridien, and Sheraton.<\/div>\n
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Marriott International is also present in Romania through the JW Marriott Bucharest Grand Hotel in Bucharest.<\/div>\n
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Marriott owns over 4,100 properties and the broadest portfolio of hotel brands in the global industry. Among the company’s brands are JW Marriott, The Ritz-Carlton, Bulgari, and Renaissance.<\/div>\n

Source: Capital<\/a><\/p>\n

Frequently Asked Questions<\/h3>\n

What is the value of the Marriott-Starwood merger?<\/strong><\/p>\n

The transaction is valued at $12.2 billion, consisting of $11.9 billion in stock and $340 million in cash.<\/p>\n

How many hotels will the combined company operate?<\/strong><\/p>\n

The resulting entity will manage 5,500 hotels and 1.1 million rooms across more than 100 countries.<\/p>\n

Which brands are included in the new hotel group?<\/strong><\/p>\n

The portfolio includes prestigious brands such as JW Marriott, The Ritz-Carlton, St. Regis, Sheraton, Westin, and Le Meridien.<\/p>\n","protected":false},"excerpt":{"rendered":"

Marriott International has entered into an agreement to acquire Starwood Hotels & Resorts Worldwide in a cash and stock transaction valued at $12.2 billion, which will create the world’s largest hotel company. The boards of both companies have unanimously approved the merger agreement. The resulting company will own 5,500 hotels and a total of 1.1…<\/p>\n","protected":false},"author":0,"featured_media":65737,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2852],"tags":[],"thb-sponsors":[],"class_list":["post-124078","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\/124078","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=124078"}],"version-history":[{"count":0,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts\/124078\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/media\/65737"}],"wp:attachment":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/media?parent=124078"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/categories?post=124078"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/tags?post=124078"},{"taxonomy":"thb-sponsors","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/thb-sponsors?post=124078"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}