All right hey guys this is Fanta Kawano for here I know I think I might be a little month or two late but I found out last night that Marriott is buying Starwood hotels and they are going to be the biggest hotel chain in the world now because now they're gonna have 55,000 hotels in the world that's right 55,000 I've been reading this article and some others and yes it's been confirmed that Marriott did win and plus Starwood was hinting that they wanted someone to buy um plus their CEO recently resigned so um Jesus I'm on Star Wars with I'm not Star Wars Starwood's website right now so those are the 11 brands that are to be acquired by Marriott brands and food st. Regis the luxury luxury collection wo hotels designer towels Sheraton Westin l'm erdan tribute four points aloft and element all to be acquired by Marriott so total I think they're get Meredith going to have Marriott is now going to have 31 branded hotels 31 now that's impressive still right 19 right now but three suits gonna be 31 so anyways that's it.
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TABLE OF CONTENTS. A — STARWOOD HOTELS & RESORTS WORLDWIDE, LLC — 2023 SECURITIES AND EXCHANGE COMMISSION REPORT FOR THE PERIOD ENDED MARCH 31, 2015 1. Background In May 2015, we completed our acquisition of the remaining 33 percent of Starwood Hotels & Resorts Worldwide (Starring) that we operated under our ownership as Marriott International, excluding the Marriott Vacation Club operation, from Star wood Capital Corporation (Starring), including our ownership in Standard, an international hotel, resort and casino company. We also completed our acquisition of 10 percent ownership in Star wood Vacations Worldwide (Star), a hotel, resort and casino operator from the Star wood Group, including its hotel operations, including our ownership in Standard and its Star brands, and our existing hotel operations, including our ownership in Ritz-Carlton. We anticipate implementing the strategy of combining Marriott's Star wood brands with Star wood Vacations' Star brands, including our remaining Star wood Vacations Vacation Club hotels, in 2016, and Star wood Vacations Vacation Clubs will be our primary brand. In addition, we plan to launch our first Star wood Vacation Club hotels under our ownership in 2018. 1. Starwood Hotels & Resorts Worldwide Overview We develop, own or operate hotels, resorts, cruise liners, villas and golf courses in more than 100 countries and territories in Europe, Africa, the Middle East, Asia and South America. We also provide hospitality solutions in more than 40 countries and territories in North America, Latin America and other regions by acquiring and managing a portfolio of hotel and vacation communities through our hotels segment. We are a leading global operator of vacation destinations and a leading resort developer. In addition to our management team, consisting of a chairman and chief executive officer, an executive vice chairman and 14 other senior executives, we also have non-employee directors and officers. 2. Marriott and Standard Developed Hotel and Resorts in Europe, Africa, Middle East and Asia Star wood Corporation acquired the majority of our ownership of Star woods Hotels & Resorts Worldwide in July 2023 in a cash-and-stock acquisition transaction that resulted in a substantial cash payout to us, as well as the elimination of a significant competitor.
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