Marriott Completes Merger with Starwood, Becoming World’s Largest Hotelier
The combined company brings together Marriott, Courtyard, and Ritz-Carlton brands with Starwood’s Sheraton, Westin, W, and St. Regis properties and will have over 1.1 million rooms in more than 5,500 hotels in 100 countries.
Also effective Friday, members of both hotel’s guest loyalty programs will be able to link their accounts. Members with status in one program, such as gold, will receive gold status in the other, as will platinum members. Each Starwood point will be worth three Marriott Rewards points.
Under the terms of the merger agreement, Starwood shareholders will receive $21 in cash and 0.8 shares of Marriott stock for each share of Starwood stock held. Starwood shares were delisted from the New York Stock Exchange before markets opened Friday.
(Photo: Accura Media Group)