The world of travel requires a solid knowledge of housing, hotels, and assorted going ons around the globe. And this new development coming from the plans involving merging Mariott and Starwood is going to change everything.
After a highly intense bidding war with Chinese insurer Anbang, Mariott has announced that they have reached an agreement with Starwood Hotels & Resorts, which will see both companies merged into one corporation. Marriott CEO Arne Sorenson, said, “With today’s successful stockholder approval milestone, we are that much closer to completing our transaction. Our teams continue to plan the integration of our two companies, and we are committed to a timely and smooth transition. We appreciate the stockholders’ vote of confidence in our ability to drive long-term value and opportunity as a combined company.”
To learn more about the change, and some of the impact it’ll have on the world of hotels, read the full story from Skift writer Deanna Ting, right here.
Read the Full Article: http://skift.com/2016/04/08/marriott-and-starwood-shareholders-approve-merger-to-become-worlds-largest-hotel-company/
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