Marriott tops Anbang, wins Starwood with $13.6B bid

New York Post

Chinese hotel chain’s battle with Marriott International to buy Starwood may not be over.

“We do not diminish the possibility that the Anbang [Chinese] consortium could raise their bid, given the inclusion of private equity partners that could be more tolerant of higher leverage levels than Marriott,” David Katz of Tesley Advisory Group said.

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