Mar­riot & Star­wood Com­plete Merger

Business Traveler (USA) - - UPFRONT -

Mar­riott In­ter­na­tional has com­pleted the ac­qui­si­tion of Star­wood Ho­tels & Re­sorts World­wide, cre­at­ing the world’s largest ho­tel com­pany. The merger of the two ho­tel gi­ants was fi­nal­ized Sept. 23, af­ter the deal re­ceived the go-ahead from the Chi­nese Min­istry of Com­merce, the last reg­u­la­tory ap­proval re­quired to com­plete the merger which was an­nounced last Novem­ber.

Clear­ing this last hur­dle, Mar­riott and Star­wood were able to close the trans­ac­tion. The deal gave Star­wood share­hold­ers $21 in cash and 0.80 shares of Mar­riott In­ter­na­tional Class A com­mon stock for each share of Star­wood Ho­tels & Re­sorts World­wide com­mon stock.

For trav­el­ers, Mar­riott an­nounced that, im­me­di­ately upon com­ple­tion of the merger, mem­ber sta­tus in Mar­riott Re­wards – which in­cludes The Ritz-Carl­ton Re­wards – and Star­wood Pre­ferred Guest (SPG) will be matched across both pro­grams, en­abling mem­bers to trans­fer points be­tween the two when they link their ac­counts.

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