Marriott to buy Starwood to create world’s biggest hotel chain
Marriott is paying $12.2 billion in stock ($11.9 billion) and cash ($300 million) for Starwood, or $72.08 per share. “I’m delighted to welcome Starwood to the Marriott family”, said J.W. Marriott, Jr., Chairman of Marriott worldwide in a statement.
Posted On Nov 21 2015