Marriott Buys Rival Starwood Hotel Chain for $12.2 Billion
If the deal goes through, the acquisition will add 50% more rooms to Marriott's portfolio and give it more unique, design-focused hotels that appeal to younger travelers. Additionally, "the new company would have 5,500 properties with more than 1.1 million rooms around the world, uniting Starwood's brands, which include Sheraton, Westin, W and St. Regis, with Marriott's two dozen brands including Marriott's Courtyard, Ritz-Carlton and Fairfield Inn.
