Marriott battles China’s Anbang for control of the chain,which final week made landmark entry into Cuba during Obama’s visitThe price for Starwood Hotels has rocketed higher after an offer from China’s Anbang and its partners crossed the $15bn mark in a fight for control with Marriott International.
Starwood Hotels & Resorts Worldwide, which has a steady of exclusive hotels including the St Regis New York, and said Monday that the offer from the Anbang group is “reasonably likely” to be superior to the one made just final week by Marriott.
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Source: theguardian.com