WOW,WOW, WOW!There maintain been rumors about a Starwood takeover for just about the entire year now, and Starwood's CEO has even gone so far as to say that he expects Starwood to be taken over by the end of the year.
The big question has been who will recall over Starwood. There maintain been many contenders,and at various points this year we've heard rumors of possible takeovers from Wyndham, IHG, and Hyatt. We've even heard about the possibility of Chinese investors buying Starwood,which would maintain nearly been my preferred option, as it gave Starwood the best shot of continuing to be sprint independently.
Well, or this came out of left field,as it has just been announced that Marriott will acquire Starwood in a $12.2 billion deal, making Marriott the largest hotel chain in the world.
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Source: boardingarea.com