Marriott does $4.4 billion deal with Starwood
Host Marriott Corporation is acquiring 38 luxury and upscale hotels from Starwood for $4.4 billion.
The portfolio includes 25 domestic and 13 international properties. Total rooms: 18,964. The rooms are managed under the Westin, Sheraton, W Hotels, The Luxury Collection and St. Regis brands.
Said Christopher J. Nassetta, president and CEO of Marriott:
“We believe these assets represent one of the highest quality lodging portfolios available and they will complement our existing portfolio of outstanding hotels.”
He said the $4.4 billion price was an “attractive” one.
The acquired hotels are high-quality, luxury and upper upscale hotels with an average size of 500 rooms.
About 80% of the acquired hotels are in urban, convention or resort locations, according to Hotel Online. Many hotels are also in markets with strong growth and limited near-term supply.
“The Starwood portfolio fits our stated strategy of owning irreplaceable assets in premier markets with strong growth profiles and limited near-term supply,” said James F. Risoleo, executive vice president of acquisitions and development.
Company officials say the acquisition diversifies Marriott’s brands.
On completion of the deal, Marriott expects to have a total value of $16 billion, making it the largest lodging company in the US.
With its acquisition, Marriott will have 145 hotels with over 74,000 rooms.
Report by David Wilkening
David
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
Airbnb eyes a loyalty program but details remain under wraps
Airlines suspend Madagascar services following unrest and army revolt
Qatar Airways offers flexible payment options for European travellers
Air Mauritius reduces frequencies to Europe and Asia for the holiday season
Major rail disruptions around and in Berlin until early 2026