Traditional Culture Encyclopedia - Hotel franchise - The relationship between starwood and Marriott

The relationship between starwood and Marriott

Parent-subsidiary relationship.

Marriott acquired Starwood for $65.438+0.22 billion. After the acquisition, Marriott will become the largest hotel group in the world with its huge volume. Starwood CEOBruceW W. Duncan confirmed the acquisition news in an email yesterday. All the brands owned by Starwood belong to Marriott, and said that the merger review between the two parties began as early as April this year. Relevant data show that Marriott has 765,438+04,765 rooms and 465,438+075 hotels, and has 65,438+09 hotel brands, ranking second in the world; Starwood has 354,225 rooms and 1, 222 hotels, ranking eighth. The 1 1 hotel brands operated by the latter include Westin, Sheraton, St. Regis, Luxury Select, W Hotel, Le Meridien, Four Points by Four Points, Yalexuan, Su Yuan, TributePortfolio and DesignHotels.