Marriott buys Starwood Hotels for $12.2bn

GMT 12:57 2015 Monday ,16 November

Arab Today, arab today Marriott buys Starwood Hotels for $12.2bn

US-based Marriott International
New York - Arab Today

US-based Marriott International said Monday that it has purchased Starwood for $12.2 billion, creating the world's largest hotel chain.

The boards of directors of both companies unanimously approved the merger, under which the companies will operate or franchise more than 5,500 hotels with 1.1 million rooms worldwide.

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