Hints and tips:
...The private equity group has teamed up with Starwood Capital, sometime creator of Starwood Hotels, to acquire the mid-priced hotel chain....
...The hotel brands affected included W Hotels, Sheraton Hotels & Resorts and Le Meridien Hotels & Resorts....
...Later that year, Starwood announced point-of-sale system security issues at 70 hotels in the US, with some compromised the year before....
...In March 2018, the company announced plans for 15 new all-inclusive resorts worldwide by the end of 2020....
...Simon Usborne was a guest of Four Seasons Hotel Megève (fourseasons.com)....
...After six years of acquisitions, the group now owns 18 resorts worldwide and has seen its share price rise fivefold. vailresorts.com; arapahoebasin.com Small is beautiful Some of Switzerland’s tiniest...
...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....
...Starwood Hotels said its takeover by Marriott International was expected to close in the coming weeks, as global economic uncertainty takes its toll on the hotel industry....
...Just to give you a sense of why we care so much about Wu and his company, below are just a few of Anbang’s many deals since 2014: And don’t forget that in 2016, Wu nearly acquired Starwood Hotels & Resorts...
...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....
...The year’s biggest failed deal was Anbang Insurance’s attempted $14bn takeover of Starwood Hotels & Resorts, which ended with China’s regulators quietly blocking the transaction....
...A bidding war for Starwood Hotels & Resorts, one of the largest hotel groups, helped catapult shares of rivals higher in early trading on Monday as the wider US stock market slipped....
...Email the Lex team at lex@ft.com...
...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...
...A regulatory crackdown would upend the deal in which Anbang agreed to pay $6.5bn for Strategic Hotels & Resorts early last week, as well as the $13.2bn bid that it made for Starwood Hotels & Resorts a day...
...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...
...property but also its parent, Starwood Hotels & Resorts, owner of the W, Westin and Sheraton brands....
...Anbang Insurance walked away from its $14bn all-cash attempt to buy Starwood Hotels & Resorts because China’s regulators have “clipped the wings” of its high-flying chairman Wu Xiaohui, according to people...
...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...
...Anbang has fired a new shot in the fiercest bidding war dealmakers have seen in recent years, after the Chinese insurer raised its bid for Starwood Hotels & Resorts to $14bn in its latest effort to trump...
...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 also evaluating whether to raise its $13.2bn bid for Starwood Hotels & Resorts....
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