Starwood Fight Ends Abruptly- Chinese Top Bidder Anbang Insurance Withdraws Offer, Marriott Wins Finally

Posted by Newsdesk
On 11th April 2016
anbang, china, expansion, hotels, insurance, investment, marriott, starwood

The battle to acquire the Starwood Hotels between Marriott International and the consortium led by China’s Anbang Insurance has finally reached an ending. The battle to acquire Starwood Hotels, fought between Marriott International and a Chinese-led consortium, has come to a conclusion following insurance company Abang’s sudden decision to withdraw its $14 billion offer. This […]

Competition between Marriott International and Chinese Anbang Insurance

Posted by Newsdesk
On 22nd March 2016
anbang, china, expansion, hotels, insurance, investment, marriott, starwood

China’s Anbang Insurance plans to acquire Starwood Hotels and Resorts Worldwide, for $76 a share in cash, or $13.2 billion in total. This decision undoubtedly provides a competitive bid against Marriott International, which announced $12.2 billion as their proposed deal for Starwood Hotels and Resorts Worldwide. Joan Eisenstodt, owner of Eisenstodt & Associates in Washington […]