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 International reaffirms commitment to acquire Starwood
Says signed deal provides greater long-term value for Starwood stockholders.
Tribute Portfolio to make its northern debut in Canada
Starwood’s tenth brand arrives in Quebec City with the signing of Hotel PUR Quebec.
Back on: Marriott and Starwood sign amended merger agreement
Starwood’s Board of Directors determined that revised terms from Marriott constitute a superior proposal compared to previously announced offer by Consortium led by Anbang Insurance Group.
Starwood receives “Superior Proposal”
Marriott has the right to submit a counterproposal until March 28, 2016, while the Starwood stockholder meeting has been postponed.
Starwood announces groundbreaking expansion to Cuba
Signs two Agreements and Letter of Intent to open hotels in Havana in 2016.
Starwood to its portfolio of Element Hotels in Texas
Set to open in July 2018, Element Dallas East is one of six new Element hotels opening in Texas in the next three years.
Which hotel brands have the most projects under construction?
Hilton brands take out the top four spots in a ranking by TOPHOTELPROJECTS.
Element Nashville West End to open in 2018
The 169-room Element Nashville West End will be located at oneC1TY, the health and mindful living-focused community west of downtown Nashville.
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.
