The Real Deal New York

Marriott, Starwood merger on hold pending Chinese review

Merger is valued at $13.4B
August 09, 2016 04:50PM


Marriott International CEO Arne Sorenson and Starwood Hotels & Resorts Worldwide CEO Thomas Mangas

From the South Florida website: A Chinese antitrust review is reportedly holding up the merger of Marriott International and Starwood Hotels & Resorts Worldwide, a deal which would form the world’s biggest hotel company.

According to the Wall Street Journal, Marriott agreed on Monday to delay the merger, responding to a request from China’s Ministry of Commerce for more time to complete its review of the deal.

The extended review period, which is Marriott and Starwood’s final obstacle before consummating the merger, could take up to 60 days. [more]

Sign up for China Watch for weekly emails on Chinese real estate investments.