Last hurdle overcome for record acquisition

The acquisition of Starwood facilities by Marriott was announced last year; however, Starwood has received a few counter-offers from a group of Chinese investors led by the Anbang group over the last few weeks, which put the finalisation of the acquisition, whose completion is planned for mid-year, into question and forced Marriott to make a sweetened USD 13.6 bln bid. The green light given by the shareholders of Marriott and Starwood puts an end to further bidding war. “With today’s