Marriott International, Inc. (NASDAQ: MAR) has completed the acquisition of the Starwood Hotels & Resorts Worldwide, Inc., creating the largest hotel companies and the best in the world. "Throughout our nearly 90-year history we have never stopped searching for innovative ways to serve our guests. With the addition of Starwood's strong brands, great properties, and talented people, we have dramatically expanded our ability to provide the best experiences to our customers. Also we welcome the tremendous responsibility as the world's Reviews largest hotel company to be a global good stewards, providing new opportunities for our associates and building the economic strength of the communities we call home, "said J.W. Marriott, Jr., Executive Chairman and Chairman of the Board of Marriott International.
"We believe that Marriott now has the world's best portfolio of hotel brands, the most comprehensive, global footprint, and the most extensive loyalty programs, providing an unparalleled guest experience. Combining Starwood's brands with ours better enables Marriott to reach our goal of having the right brand in the right place to serve our loyal guests and welcome new ones, We can now provide a better range of choices for our guests, more opportunities for our associates, and greater financial benefits for our owners, franchisees, and shareholders. "said Arne Sorenson, president and chief executive officer of Marriott International. The completion of this acquisition makes Marriot property has doubled in Asia, the Middle East and Africa.
Marriott also has agreed to add three Starwood directors, including the chairman, real-estate executive Bruce Duncan, to the board of directors Marriott. Mr. Sorenson said that series of acquisition process, such as the incorporation of technology platforms and deciding which offices will be closed, it could take a year or more. "There's a lot to do," he said.
"We believe that Marriott now has the world's best portfolio of hotel brands, the most comprehensive, global footprint, and the most extensive loyalty programs, providing an unparalleled guest experience. Combining Starwood's brands with ours better enables Marriott to reach our goal of having the right brand in the right place to serve our loyal guests and welcome new ones, We can now provide a better range of choices for our guests, more opportunities for our associates, and greater financial benefits for our owners, franchisees, and shareholders. "said Arne Sorenson, president and chief executive officer of Marriott International. The completion of this acquisition makes Marriot property has doubled in Asia, the Middle East and Africa.
Marriott also has agreed to add three Starwood directors, including the chairman, real-estate executive Bruce Duncan, to the board of directors Marriott. Mr. Sorenson said that series of acquisition process, such as the incorporation of technology platforms and deciding which offices will be closed, it could take a year or more. "There's a lot to do," he said.
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