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E-book
Author Hua, Nan, author

Title A new age of acquisitions in hospitality & tourism : the bidding war to acquire Starwood / Nan Hua, Cynthia Mejia, Wei Wei
Published London : International CHRIE, 2018

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Description 1 online resource : illustrations
Series SAGE Business Cases
SAGE Business Cases
Summary In April 2015, numerous hospitality industry insiders speculated that Starwood Hotels and Resorts was open to being acquired. Since then, a number of companies have expressed interest in bidding for Starwood, including Hyatt, Marriott International, and Chinese companies such as Jin Jiang International Hotels, Hainan Airlines' parent company HNA Group, and sovereign-wealth fund China Investment Corp (Wei and Karmin, 2015). On November 16, 2015, Reuters reported that Marriott International, Inc. agreed to acquire Starwood Hotels and Resorts Worldwide, Inc. for US$12.2 billion, which would create the world's largest hotel company. However, Marriott's acquisition attempt ran into competition from a consortium of investors led by a Chinese firm - Anbang Insurance Group Co. Anbang has aggressively acquired U.S. assets, expanding its hospitality business in response to a high growth trend in the Chinese travel market.This case study highlights four classic theories of merger and acquisitions (M&A) that can be applied to explain the bidding attempts for Starwood by Marriott and Anbang, in addition to identifying potential causes of success and failure, impacts, and competitive influences of M&As. The competing theoretical and practical perspectives will ensure lively in-depth discussions and contextualize students' understanding of abstract theories
Notes Originally Published InHua, N., Mejia, C., & Wei, W. (2018). A new age of acquisitions in hospitality & tourism: The bidding war to acquire Starwood. Journal of Hospitality & Tourism Cases, 6(4), 32-47
Bibliography Includes bibliographical references and index
Notes Description based on XML content
Subject Starwood Hotels & Resorts Worldwide, Inc
Consolidation and merger of corporations -- Case studies
Hospitality industry -- Case studies
Consolidation and merger of corporations
Hospitality industry
Genre/Form Case studies
Case studies.
Études de cas.
Form Electronic book
Author Mejia, Cynthia, author
Wei, Wei, author
ISBN 9781529716870
152971687X
Other Titles New age of acquisitions in hospitality and tourism