$14-billion bid for Starwood hotels puts Chinese firm Anbang in spotlight

March 14, 2016 3:35 PM

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A $14-billion bid for Starwood Hotels and Resorts Worldwide Inc. surfaced Monday, putting a spotlight on Chinese firm Anbang Insurance Group and complicating a preexisting plan to meld Starwood and Marriott International Inc. into the world’s largest hotel company.

Starwood told Marriott on Friday that it received an unsolicited offer from a consortium led by Anbang, according to a statement released Monday by Marriott.

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