Marriott, a Value Investor, Seen Losing Starwood to Anbang Group

  • Company expected to counter Anbang's $78-a-share cash bid
  • Marriott's current bid is valued at about $69.50, mostly stock

Marriott International Inc. will probably lose Starwood Hotels & Resorts Worldwide Inc. to a group led by China’s Anbang Insurance Group Co. because it avoids overpaying for assets, according to analysts including Robert W. Baird & Co.’s David Loeb.

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