- Teaching Notes
- Supplementary Resources
In April 2015, numerous hospitality industry insiders speculated that Starwood Hotels and Resorts was open to being acquired. Since then, a number of companies have expressed interest in bidding for Starwood, including Hyatt, Marriott International, and Chinese companies such as Jin Jiang International Hotels, Hainan Airlines’ parent company HNA Group, and sovereign-wealth fund China Investment Corp (Wei and Karmin, 2015). On November 16, 2015, Reuters reported that Marriott International, Inc. agreed to acquire Starwood Hotels and Resorts Worldwide, Inc. for US$12.2 billion, which would create the world’s largest hotel company. However, Marriott’s acquisition attempt ran into competition from a consortium of investors led by a Chinese firm – Anbang Insurance Group Co. Anbang has aggressively acquired U.S. assets, expanding its hospitality business in response to ...