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Hotel Industry

World news about “Hotel Industry” published by euronews.

29/03 13:59 CET

Starwood Hotels bidding war hots up as Anbang raises the stakes

Starwood Hotels bidding war hots up as Anbang raises the stakes

The bidding war for Starwood Hotels & Resorts is hotting up. A consortium led by China’s Anbang Insurance Group has raised its offer to almost $14 billion (12.5 billion euros) – better than Marriott International’s bid. Starwood, which owns the…