Hotels
Marriott hikes bid for Starwood Hotels & Resorts to $13.6-bn revised
21 Mar 2016
The Marriott-Starwood deal would create the world's largest hotel chain with more than 5,500 hotels and 1.1 million rooms across brands that include Marriott International, Ritz-Carlton, JW Marriott, Sheraton, Ritz Carlton, the Autograph Collection, Westin, Le Meridien, St. Regis, and Aloft.
Subrata Roy’s Plaza Hotel to be auctioned for mortgage defaults
By By Ravi Kunder | 17 Mar 2016
The five-star hotel off Central Park is majority owned by Subrata Roy’s Sahara India Pariwar, which defaulted on the mortgage payments By Ravi Kunder
China's Anbang launches hostile $12.84-bn bid for Starwood Hotels
14 Mar 2016
A consortium led by China's Anbang Insurance Group has launched an unsolicited $12.84-billion bid to acquire Starwood Hotels and Resorts, potentially derailing the already planned takeover of the US hotel operator by Marriott International
Waldorf's Chinese owner Anbang to buy Strategic Hotels for $6.5 bn
14 Mar 2016
The Beijing-based insurer has recently made a push into buying overseas assets and made some high profile acquisitions
Hotel industry revenues to grow 9-10% in 2016-17
28 Jan 2016
.webp)
.webp)
