consortium

Starwood-Marriott Merger Back On (Again)

The Starwood-Marriott merger is back on. Marriott International Inc. and Starwood Hotels & Resorts Worldwide, Inc.  issued a joint press release today encouraging shareholders of both companies to vote in support of the proposed merger. Both companies note that their renewed request for shareholder support follows Starwood's announcement that the Anbang Insurance Group-led consortium of … Read More about Starwood-Marriott Merger Back On (Again)

Starwood Presses Pause on Marriott Merger (Again)

Starwood Hotels & Resorts Worldwide, Inc. has again pressed pause on its merger with Marriott International after receiving a revised, non-binding proposal from the Anbang Insurance Group-led Consortium. The new Consortium bid would see Starwood stockholders earn $3.30 USD more per share than they would under the revised Marriott bid, announced on March 21, 2016. On March 26th, Starwood  … Read More about Starwood Presses Pause on Marriott Merger (Again)

Consortium Bid Derails Starwood-Marriott Merger

Starwood Hotels & Resorts Worldwide, Inc. today notified Marriott International, Inc. that the bid it received last week from a consortium headed by China's Anbang Insurance Group has been determined to be a "Superior Proposal" to the existing Marriott-Starwood merger agreement. Starwood has further informed Marriott that it intends to terminate the merger agreement with Marriott unless … Read More about Consortium Bid Derails Starwood-Marriott Merger

Anbang Makes Bid for Starwood

A consortium of investors led by China's Anbang Insurance Group has made an unsolicited $12.8 billion cash bid for Starwood Hotels & Resorts. Analysts say that this new bid, which Starwood received on March 11th, could spark a bidding war with Marriott International, Inc. The boards of directors of Marriott International, Inc. and Starwood Hotels & Resorts Worldwide, Inc. have approved … Read More about Anbang Makes Bid for Starwood

JPdL Joins Hosts Global Alliance

JPdL Destination Management (JPdL), a leading Canadian DMC, is now a member of Hosts Global Alliance (HGA), a worldwide consortium of select destination management companies. "JPdL is delighted to have been selected to join Hosts Global Alliance. For over 30 years, our company has been working with an extensive list of prestigious clients from across North America and around the world," said … Read More about JPdL Joins Hosts Global Alliance

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