On November 16, Marriott International Group, an American hotel giant, announced that it had agreed to pay 12.2 billion US dollars to acquire Starwood Hotels and Resorts International Group, creating the world's largest hotel chain.
According to the official news released by Marriott International Group, the merger agreement has been unanimously approved by the board of directors of the two hotels. The merged hotel group will operate and manage more than 5500 hotels worldwide with 1.1 million rooms, and its business scope covers more than 100 countries and regions. According to the agreement, Marriott Group will acquire Starwood Group with US $11.9 billion in shares and US $340 million in cash. The transaction is expected to be completed in mid-2016.
Prior to this, hotel groups including Hyatt Hotels Group of the United States, Intercontinental Hotels Group of the United Kingdom and Shanghai Jinjiang International Group of China expressed their interest in Starwood.
Marriott International Group is the world's leading hotel management company, which originated in 1927 and is headquartered in the United States. It has more than 4300 hotels and 19 hotel and resort brands. Its brands include Ritz Carlton Hotel, BVLGARI ® Hotels and Resorts, Addison, JW Marriott Hotel, Aotuge Select Hotel, Wanli Hotel, Marriott Hotel, Delta Hotel and Resort, Marriott Executive Apartment, Marriott Holiday Club, Gallodrome Hotel, Marriott AC Hotel, Wanyi Hotel, etc.
Starwood Hotels&Resorts International Group is one of the world's largest hotel, entertainment and leisure groups. Its brands include St. Regis, The Luxury Collection, W Hotels, Le Meridien, Westin, Sheraton, Aloft, Element, Four Points Tribute Portfolio (a new brand launched in April 2015).
Longmeida's editorial note: The above information is excerpted from the news report and the hotel's official website.
Longmeida Stone Group, a stone engineering expert of the hotel, focuses on creating an appreciation level boutique environmental protection stone solution for high-end star hotels. It has undertaken to create more than 100 classic hotel works, including Sheraton Chongqing Hotel, Ruiji Changsha Hotel, Guangzhou White Swan Hotel, Sheraton Jinzhou Hotel in Liaoning Province, Starstar Macau Hotel, Venetian Macau Hotel, and Palazzo Hotel in Las Vegas in the United States.
Foshan Longmeida Stone Industry Co., Ltd
Hotline: 4000-888-428
Official website: www.topteck.cn
Factory address: Shizhou Village, Chencun Avenue, Chencun Town, Shunde District, Foshan City, Guangdong Province (opposite to Shizhou Hotel) (navigation)
