Marriott International acquires Starwood in £8bn deal
Marriott International has acquired Starwood Hotels & Resorts Worldwide in a $12.2bn (£8bn) deal which creates what is thought to be the world’s largest hotel company.
The deal, which was unanimously approved by both companies’ boards earlier today (16 November), will see the new company operate more than 5,500 hotels, with 1.1 million rooms, across the world.
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