The deal expands sbe’s portfolio to 22 hotels, and 129 venues to position sbe as a leading global lifestyle hospitality brand.
Morgans Hotel Group shareholders vote to approve acquisition by sbe
sbe is expecting to close on the transcation in the fourth quarter of 2016.
Marriott prevails as Anbang withdraws offer for Starwood
Starwood once again reaffirms its commitment to merge with Marriott, with the transactions expected to create $250 million in cost savings and significant revenue synergies.
Marriott still keen on Starwood acquisition despite bigger rival offer
If Starwood terminates its merger agreement with Marriott, the company would be obligated to pay Marriott a $400 million termination fee in cash.
