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Marriott International Inc will buy Starwood Hotels & Resorts Worldwide Inc in a cash and stock deal valued at $12.2 billion to create the world's largest hotel chain as per Reuters.
Marriott International Inc will buy Starwood Hotels & Resorts Worldwide Inc in a cash and stock deal valued at $12.2 billion to create the world's largest hotel chain as per Reuters.
Starwood shareholders will receive 0.92 shares of Marriott Class A common stock and $2 in cash for each Starwood share held, the companies said.
On the other hand, Marriott is planning to open more hotels in India in next five years. Marriott offers owner and franchise opportunities across the globe, regions include the US, Canada, Europe, the Caribbean and Latin America, the Middle East, Africa and Asia Pacific.
