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Search results for “Starwood Capital”
Hotel room glut drives down room rate and revenue in China
08/03/2016
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10:01:40 AM
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Hotel chains over-expansion has caused four in ten hotel rooms in China staying empty and is driving down room rate and RevPAR.
Marriott Investor Call: This Is What We Have in Store for Starwood
03/22/2016
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6:31:19 PM
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Marriott held a call for investors on this Monday morning, talking primarily about the new deal’s terms. Marriott decided to combine its Rewards with Starwood Preferred Guest loyalty programs and integrate their brands.With newly revised bid, the synergies have risen to $250 million, and Marriott expects them to be fully achieved within two years after closing.
Starwood rival takeover bid: What it means for brands, executives and shareholders
03/16/2016
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10:06:41 PM
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Starwood Hotels & Resorts’ board of directors has exactly until 11:59 p.m. Eastern this Thursday to make a big decision about whether or not the Stamford, Connecticut-based company will continue with its $12.2 billion merger agreement with Marriott, or whether it will accept a new $14 billion bid from a group of companies led by Anbang Insurance Group, J.C. Flowers & Co., and Primavera Capital Group.
Anbang abruptly withdraws Starwood bid, clearing Marriott's acquisition
04/01/2016
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10:13:25 PM
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The Chinese insurer cites "various market considerations" for withdrawal of its Starwood bid and shareholder vote for Marriott takeover set for April 8.
Marriott and Starwood sign amended merger agreement valued at $13.6 billion
03/22/2016
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11:09:50 AM
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Starwood decided that improved offer at $13.6 billion from Marriott is superior compared to previous proposal led by Anbang consortium at $13.2 billion.
Starwood plans to accept $13.2 billion acquisition by Anbang consortium
03/22/2016
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10:46:30 AM
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The Anbang-led group sweetens its offer to $78 a share in cash for Starwood while Marriott says it's considering options, having March 28 as the deadline.
Anbang-led group's USD 14 billion offer to Starwood overrides Marriott again
03/28/2016
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2:06:33 PM
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A revised takeover offer at about $14 billion from the Anbang consortium constitutes a “Superior Proposal” as defined in Starwood’s merger agreement with Marriott.
Abercrombie & Kent acquired by Chinese investment group
07/25/2016
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6:01:03 PM
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Luxury tour operator Abercrombie & Kent has entered into a deal to be acquired by Chinese tourism developer and investment group Zhonghong Holdings.
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