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Marriott International Marriott International

Marriott International Acquires Starwood

MARRIOTT INTERNATIONAL’S ATTAINMENT OF STARWOOD HOTELS & RESORTS WORLDWIDE HAS BEEN COMPLETED, MERGING A PORTFOLIO OF 30 BRANDS AND CREATING WHAT IS HAILED AS THE WORLD’S LARGEST HOTEL COMPANY.

“Combining Starwood’s brands with ours better enables Marriott to reach our goal of having the right brand in the right place to serve our loyal guests and welcome new ones,” explained Arne Sorenson, CEO, Marriott International.

“We can now provide a better range of choices for our guests, more opportunities for our associates, and greater financial benefits for our owners, franchisees and shareholders.”

One-time transaction costs for the merger are expected to total approximately USD140 million and Marriott International remains confident the company can achieve USD250 million in annual cost synergies.

Additionally, members of the brands’ loyalty guest reward schemes will benefit from the unification, with the matching of member status and the ability to transfer points between loyalty programmes.