Deal for $12.2 billion would create the world’s largest hotel company. Nov. 16 Marriott International Inc will buy Starwood Hotels & Resorts Worldwide Inc in a cash and stock deal valued at $12.2 billion to create the world's largest hotel chain.
Starwood shareholders will receive 0.92 shares of Marriott Class A common stock and $2 in cash for each Starwood share held, the companies said. Combined Company Will Have 1.1 Million Rooms in More Than 5,500 Hotels, Spanning the Globe in Over 100 Countries. 30 Leading Brands Will Provide Guests Unmatched Choices.