Starwood Hotels Jumps on Report of Chinese Firms' Interest

Updated on
  • Shares have their biggest one-day gain since August 2009
  • Company announced in April it was exploring strategic options

A pedestrian walks past a Sheraton Hotel at Fisherman's Wharf in San Francisco, Calif. Starwood Hotels & Resorts Worldwide Inc., owns the Sheraton brand.

Photographer: David Paul Morris/Bloomberg

Starwood Hotels & Resorts Worldwide Inc. jumped the most in six years after the Wall Street Journal reported that at least three big Chinese companies are competing to buy the company.

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