Marriott International buys Starwood Hotels & Resorts

Discussion in 'Marriott | Rewards' started by uggboy, Nov 16, 2015.  |  Print Topic

  1. uggboy
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    Marriott International buys Starwood Hotels & Resorts

     
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  2. uggboy
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    Marriott International To Acquire Starwood Hotels & Resorts Worldwide, Creating The World's Largest Hotel Company

    http://www.prnewswire.com/news-rele...e-worlds-largest-hotel-company-300179014.html
     
  3. MSPeconomist
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    Any news regarding the competing Chinese bid for Starwood? IIRC tomorrow is supposed to be the deadline for the deal with Marriott.
     
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  4. uggboy
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    Here's more:

    Starwood shows intent to terminate Marriott merger

    Starwood Hotels & Resorts Worldwide, Inc has said that the "fully financed proposal" from Anbang Insurance Group Co constitutes a "superior proposal".

    In light of this, Starwood has notified Marriott that its board intends to terminate the Marriott merger agreement and enter into a definitive agreement with the Consortium (consisting of Anbang Insurance Group Co., Ltd., J.C. Flowers & Co. and Primavera Capital Limited).

    http://www.hoteliermiddleeast.com/26521-starwood-shows-intent-to-terminate-marriott-merger/
     
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  5. newbluesea
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    Potentially good new from my perspective. :)
     
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  6. slalom

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  7. Sweet Willie
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    To me it looks like Marriott loyalists get the better end of this deal, namely more properties.

    As a Marriott Gold, I've been very pleased with how Marriott has treated me. That said, the redemption levels (# of points) w/Marriott are just not good compared to SPG.

    My largest concern is that lifetime nights in both programs will count equally towards lifetime status.
     
  8. Wandering Aramean
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    But earn rates are higher too, IIRC.
     
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  9. Sweet Willie
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    the math I did for my usual stay/redemption patterns didn't bear that out but it wasn't earthshaking, just not as much in "my favor".

    A concern that I didn't post is re: the SPG Amex card, curious of the long term plans for this card.
     
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