There were a lot of competing forces at the table as Marriott worked to fold Starwood Preferred Guest into a consolidated program with Marriott and Ritz-Carlton. This article takes an in-depth look at how they threaded that needle.
You don’t hear about large Chinese companies acquiring US companies often. There are plenty of folks in the know that say the Chinese haven’t really had the experience on big stages for mergers & acquisitions. Is that what was at play in the failed attempt to acquire Starwood?
Does Marriott have any more ammunition left for another offer on Starwood Hotels? Anbang has moved into a superior position again in the quest for Starwood less than 10 days from a shareholder vote on the Marriott offer.