72Marriott to complete the acquisition of the world’s largest Starwood hotel group was born|Marriott to complete the acquisition of the world’s largest Starwood hotel group was born4
Marriott to complete the acquisition of the world’s largest hotel group on the birth of China Starwood securities network according to foreign media reported on 23, Marriott International Group (Marriott International, Inc., MAR) on Friday to complete the Starwood Hotels & Resorts (Starwood Hotels & Resorts Worldwide Inc., HOT, referred to as: Starwood acquisition). The complex integration process of the two companies launched, Marriott said it would connect the two customer loyalty program, and promised to retain all the 30 brands. The $13 billion merger created the world’s largest hotel company with more than 5700 hotels in more than 110 countries, with a total of about $about 1100000. Marriott CEO Sorensen (Arne Sorenson), said the company believes that the transaction has a real scale advantage. Marriott estimates that the merger will bring about $250 million a year in cost savings. This company is headquartered in Bethesda Maryland company believes that the huge scale of the company will help them in the Expedia and Inc. and other online travel agencies to negotiate more advantages, and can persuade more travelers to book directly on the company’s website. The two companies after the merger, the Marriott Ritz Carlton (Ritz Carlton), Wan Yi (Courtyard) and Residence Inn brand with Starwood W Hotel (W Hotels), Wenstin (Westin) and Sheraton (Sheraton) and other brands combined. Marriott also agreed to let the three Starwood executives joined Marriott’s board of directors, including the chairman, the real estate business executives Duncan (Bruce Duncan) starwood. Sorensen said it would take a year or more to merge the technology platforms and other parts of the integration process, such as the closing of branches. He said that in the future there is a lot of work to do. More exciting content to pay attention to WeChat search public number: Tencent Finance (financeapp).