Marriott to Buy Starwood, Creating the World’s Largest Hotel Company
Marriott International, the Bethesda, Md.-based hotel behemoth, said Monday it has agreed to buy Starwood Hotels & Resorts in a $12.2 billion deal that would create the world’s largest hotel company. The combined hotelier would own or franchise 5,500 properties and be the only company to have more than 1 million hotel rooms. The cash and stock purchase marks the largest hotel deal since the private equity firm Blackstone Group...
