Marriott closes on Starwood, execs detail what’s next

hotelnewsnow.com

26 September 2016

HotelNewsNow.com (HNN)

Almost a year after initially announcing the transaction, Marriott International executives announced the official closing for the $13.3-billion acquisition of Starwood Hotels & Resorts Worldwide.

First announced in November 2015, the deal makes Marriott unquestionably the largest hotel company in the world, with company officials stating they “operate or franchise more than 5,700 properties and 1.1 million rooms.” Marriott president and CEO Arne Sorenson said 1,200 properties came into the company via the Starwood buy.

August numbers from STR, Hotel News Now’s parent company, have Marriott and Starwood’s combined room count at 1,136,814 rooms in 5,809 properties. That room count is 47.1% higher than the closest competitor, Hilton Worldwide Holdings, which has 772,834 rooms in 4,726 properties.

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