Hints and tips:
...Choice Hotels and Wyndham Hotels & Resorts, both of which run budget and longer-stay hotels, are trading on ratios that are twice as high....
...The hotel brands affected included W Hotels, Sheraton Hotels & Resorts and Le Meridien Hotels & Resorts....
...There was a spate of hackers targeting hotels for credit card information and other customer data in 2014, when the Starwood breach apparently began....
...Anbang began a rapid global expansion in 2012, buying banks, insurance companies and property around the world, including the historic Waldorf Astoria hotel in New York and Strategic Hotels & Resorts....
...Alan Schnaid, Starwood’s chief financial officer, said: “We expect that the strong performance of our owned hotels in the first half of the year and our lower [selling, general, administrative and other...
...As chief executive of Starwood Hotels. Mr Sternlicht took over Westin Resorts & Hotels Worldwide and ITT Corp, which owned the Sheraton chain and the St Regis hotel in New York....
...HNA’s buying spree has also included billions of dollars in hotel assets, including Hilton Worldwide, Carlson Hotels and Red Lion Hotels Corp....
...Starwood, known for its Westin, Sheraton, St Regis and W brands, operates under a very different strategy to Strategic. It owns fewer and fewer of the hotels that bear its brand names....
...In 2014, it paid $2bn for the Waldorf Astoria, a landmark hotel in New York, and at the start of this week agreed a $6.5bn deal to buy Strategic Hotels & Resorts....
...A consortium led by Chinese insurer Anbang has made a nearly $13bn bid to acquire Starwood Hotels & Resorts, gate crashing Marriott’s deal with the owner of brands including Sheraton, St Regis and W Hotels...
...Marriott has increased its offer for rival Starwood Hotels & Resorts to $13.6bn, topping a bid made just days ago from a Chinese-led consortium, and putting its ambition to create the world’s largest hotel...
...An investor consortium led by China’s Anbang Insurance has lost in the bidding war for Starwood Hotels & Resorts, after failing to demonstrate that it had the financing in place to back up its latest $14bn...
...US hotel group and its other suitor, Marriott....
...property but also its parent, Starwood Hotels & Resorts, owner of the W, Westin and Sheraton brands....
...The latest include the $6.5bn bid for Strategic Hotels and Resorts, the $1.6bn acquisition of US insurer Fidelity & Guaranty Life, and $1bn for a 63 per cent stake in Tong Yang Life Insurance of South Korea...
...China’s Anbang has turned to PJT Partners, the recently listed boutique investment bank, to advise it and two other investors in their unsolicited $13bn bid to acquire Starwood Hotels & Resorts, people familiar...
...If Starwood shareholders were not overwhelmed by Marriott’s first bid for their company last November, they should be happy with how things have progressed since....
...Anbang is also evaluating whether to raise its $13.2bn bid for Starwood Hotels & Resorts....
...Anbang may be making the headlines with its raised bid for the US’s Starwood Hotels but homebody insurance peer PICC Property and Casualty has been getting on with making money....
...Anbang is closing in on the biggest Chinese takeover of a US company to date, after Starwood Hotels & Resorts said a $13.1bn cash bid from a group led by the Beijing-based insurer trumped its planned deal...
...Marriott International clinched a new deal with Starwood Hotels & Resorts on Monday, making a last-minute comeback to edge out a rival bid from China’s Anbang in the fiercest bidding war dealmakers have...
...Under the agreement reached by Starwood, the group will operate the Hotel Inglaterra, one of the best known properties in central Havana which will join the “Luxury Collection”, and Hotel Quinta Avenida,...
...The company is also involved in a $13bn bid for Starwood Hotels & Resorts, having already spent more than $20bn over the past 18 months....
...An investor consortium led by China’s Anbang Insurance has lost the bidding war for Starwood Hotels & Resorts, after it failed to demonstrate that it had the financing in place to back up its latest $14bn...
...Adam Aron, who has been the interim chief executive of Starwood Hotels & Resorts since February, is leaving the chain to become chief executive of AMC Entertainment, a US cinema chain....
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