, Columnist
Starwood Gets What It Needs
The deal will strengthen the W chain operator, and give shareholders a chance for gains.
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After months of reportedly being in talks with just about every major hotel operator from the U.S. to China, Starwood Hotels has clinched a decent deal.
Marriott International, which already has the industry's highest room count, has agreed to buy Stamford, Connecticut-based Starwood for about $12 billion, 98 percent of which is being paid in Marriott stock.