Marriott to buy Starwood to create world's biggest hotel chain

November 16, 2015 12:09 PM

34 0

Marriott to buy Starwood to create world's biggest hotel chain

Marriott International Inc (MAR.O) will buy Sheraton owner Starwood Hotels & Resorts Worldwide Inc (HOT.N) in a $12.2 billion deal to create the world's largest hotel chain.

The combined company will own or franchise more than 5,500 hotels with 1.1 million rooms worldwide, giving Marriott greater presence in markets outside the United States.

Also read: Consolidated Communications to buy FairPoint in $1.5 billion deal

Read more

To category page

Loading...