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Starwood subsidiaries Form: What You Should Know

Starwood Hotels & Resorts Worldwide, Inc. and Marriott International Inc. approved the transaction (the “Acquisition”). The Acquisition is expected to close in the second half of 2016. On November 16, 2015, Marriott International announced that Marriott International has formed an indirect wholly owned subsidiary of Marriott. The subsidiary is a subsidiary of Marriott that will own and operate Starwood Hotels & Resorts Worldwide. The merger is subject to customary closing conditions and regulatory approvals in each of the parties' respective jurisdictions, including U.S. regulatory approvals. On June 28, 2016, Marriott International announced that the Merger will be completed by the end of 2016. Star wood Hotel Group, Inc. has a management agreement with Marriott through March 31, 2020. It is expected that the Management Agreement will terminate in accordance with its terms, in which case, Star wood Hotel Group will own a wholly owned subsidiary of Marriott that will operate independently and will have a management agreement lasting until March 31, 2030. On November 14, 2015, Marriott acquired Starwood Hotels & Resorts Worldwide for approximately 40.6 billion in cash. It is expected that the Merger will close by the end of 2016. On November 16, 2015, Marriott International announced that Marriott International's wholly owned subsidiary will acquire a majority interest in Star wood Hotel Group, Inc, the parent company of Starwood Hotels & Resorts Worldwide, Inc. (the “Company”). According to the Merger Agreement, this ownership will be for the benefit of holders of the Company's common stock and warrants. The Merger agreement, which was approved by the Marriott Board of Directors, provides that Marriott International (in its capacity as general partner of Marriott International) will acquire all the outstanding shares of Starwood Hotels & Resorts Worldwide, including through a cash offer and pursuant to the exercise of warrants by the Company. In addition, on November 16, 2015, Marriott International announced that the Merger will be completed by the end of 2016. The financial information and results of operations of the Company in its consolidated financial statements were prepared by management based on its beliefs and assumptions as of the dates indicated. Management has taken into account all significant judgments and estimates made by management in estimating, and evaluating, the risks and costs of both the Acquisition and Merger. Management's estimation involves risks and uncertainties that are not known by management that are material to management.

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FAQ - Starwood subsidiaries

What hotels are under SPG?
Starwood TypeSubsidiaryHeadquartersStamford, Connecticut, U.S.ProductsHotels, resortsBrandsSt. Regis The Luxury Collection W Hotels Sheraton Westin Le Meridien Tribute Portfolio Design Hotels Four Points Aloft ElementRevenue$5.763 billion (2022)13 more rows
Is Starwood now Marriott?
Marriott International has completed its $13.6bn acquisition of Starwood Hotels & Resorts, and immediately announced plans to link up the group's guest loyalty programmes. The merger sees the creation of the world's largest hotel group, with over 5,700 properties under 30 brands in more than 110 countries.
Why did Marriott and Starwood merge?
The merged company will offer broader choice for guests, greater opportunities for associates and should unlock additional value for Marriott and Starwood shareholders. Combined, the companies operate or franchise more than 5,500 hotels with 1.1 million rooms worldwide.
What brands did Starwood own?
Starwood is a fully integrated owner, operator and franchisor of hotels, resorts and residences under the renowned brands. St. Regis ®, The Luxury Collection ®, W ®, Design Hotels, Westin ®, Le Méridien ®, Sheraton ®, Four Points ® by Sheraton, Aloft ®, Element ®, and the recently introduced Tribute Portfolio 122.
Is Starwood and Marriott the same?
On November 16, 2022. Marriott International announced its plan to acquire Starwood Hotels & Resorts Worldwide. On April 8, 2022 stockholders of both Marriott International and Starwood Hotels & Resorts Worldwide approved the merger.
Who sold Starwood to Marriott?
Starwood TypeSubsidiaryIndustryHospitalityFounded1969, reorganized in 1995DefunctSeptember 23, 2016FateAcquired by Marriott International13 more rows
Is Starwood part of Marriott Rewards?
Marriott Bonvoy will replace three previous loyalty programs, Marriott Rewards, The Ritz-Carlton Rewards and Starwood Preferred Guest (SPG). The three programs merged last August but this is the official naming of the unified product.
Is Starwood the same as Marriott Bonvoy?
Marriott International today unveiled Marriott Bonvoy, the new loyalty brand replacing the current loyalty brands 13 Marriott Rewards, The Ritz-Carlton Rewards and Starwood Preferred Guest (SPG) 13 and reflecting the unmatched benefits, single loyalty portfolio and experiences announced last year.
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