Mariott agrees to merge with Starwood
Starwood Hotels and Resorts Worldwide on Monday accepted an improved bid from Marriott International valued at $13.6 billion, topping an offer from a group of investors led by China’s Anbang Insurance Group. The definitive merger agreement will create the world's largest hotel chain with around 30 top brands, including Sheraton, Ritz Carlton, Westin and the Autograph Collection.