Marriott to Buy Starwood Hotels in Deal Valued at About $12.2 Billion

Marriott International Inc. agreed to buy Starwood Hotels & Resorts Worldwide Inc. in a deal valued at about $12.2 billion that will create the world’s largest hotel company.

Combined, the companies would operate or franchise more than 5,500 hotels with 1.1 million rooms worldwide, according to a statement on Monday.

Source: bloomberg.com

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