TO DISCUSS YOUR PROJECT OR LEARN MORE ABOUT OUR SERVICES:

  • This field is for validation purposes and should be left unchanged.

Marriott International Buys Starwood Chain

Category: Hotels, Posted:17 Nov 2015 | 01:16 am

In unexpected news Marriott International has entered into an agreement to purchase the global Starwood chain.

Valued at US$12.2 billion, the deal to shareholders will be partly cash and coupled with shares in the merged entities.

The enlarged offering will reportedly be over 5,500 hotels with more then 1 million rooms in what will be the largest lodging group in the world.

Starwood’s brand stable includes St. Regis, W, Sheraton, Westin and Le Meriden.

Industry players are talking about a possible cannibalization of the combined offering and also wondering about the effects of consolidation on Starwood’s senior management.

In the wings on the hotel transaction market remains Fairmont Raffles which continues to be courted by a number of suitors.

 

 

 

 

Other News

Read more

Direct International Flight For Koh Samui Coming

Category: Tourism, Posted:27 Jul 2021 | 11:29 am Koh Samui is set for the resumption of international flights from Singapore on the 1st of August. Under the Samui Plus program and expecting increased demand, Bangkok Airways is taking this first step for the direct overseas service. The initial stage is three flights a week on Monday, Thursday and Sunday. Meanwhile in the Phuket […]
Read more

Thailand Property Takes Urban Flight As Lifestyle Takes Over

Category: Real estate, Posted:26 Jul 2021 | 06:00 am Thailand’s resort real estate markets have experienced a dramatic reset in buyer profiles over the past eighteen months of the pandemic. A strong wave of domestic demand has seen Thais flocking to the country’s leisure destinations and snapping up holiday or second homes. According to new data released by Thai property portal FazWaz, the popular […]
Read more

Just Another Sunday – Catch-Up

Category: Tourism, Posted:25 Jul 2021 | 15:08 pm It’s a great day to catch up on last week’s video sessions. Check out a replay of the special Business Insider Thailand Resort Property online event.  We also talk to a leading Thai developer on rewriting the map in Northwest Phuket, where a second resort-styled CBD is emerging and finally more on the ongoing Sandbox. […]