WORLD’S LARGEST HOTEL CHAIN

Marriott International Inc will buy Starwood Hotels & Resorts Worldwide Inc for USD 12.2 billion. After the merger, the group will become the world’s largest hotel chain with over 5,000 properties and more than one million rooms spanning over 100 countries. The group’s portfolio includes top brands, such as Sheraton, Ritz Carlton and the Autograph Collection. The combined company’s pro forma fee revenue for the 12 months ended September 30, 2015 and totals over USD 2.7 billion.