NEW YORK -- Marriott International is buying rival hotel chain Starwood for $12.2 billion in a deal that will catapult it to become the world's largest hotelier by a wide margin.
The stock-and-cash deal, if completed, will add 50 percent more rooms to Marriott's portfolio and give it more unique, design-focused hotels that appeal to younger travelers.
01:55 The Weinstein Company Is NOT Shutting Down!22
16:17 Coach will rebrand itself and its other brands as ‘Tapestry’ at the end of October19
10:02 Harvey Weinstein's Fall From Grace: A Timeline of the Disgraced Producer's Crash and Burn31
10:55 Harvey Weinstein scandal: What next for Hollywood?24