Huge Bid for Starwood Hotels Puts Chinese Firm in Spotlight

By Samantha Masunaga And Julie Makinen Los Angeles Times - Mar 15, 2016

Beijing — A $14 billion bid for Starwood Hotels and Resorts Worldwide Inc. surfaced Monday, putting a spotlight on Chinese firm Anbang Insurance Group and complicating a plan to meld Starwood and Marriott International Inc. into the largest hotel company. Starwood told Marriott on Friday that it received an unsolicited offer from a consortium led by Anbang, according to a statement released Monday by Marriott. Starwood confirmed that...