$12.2 Billion Marriott Hotel Deal Largest Chain Worldwide

iHumanMedia.com reports Marriott International has agreed to buy Starwood Hotels and Resorts for $12.2 Billion. The deal will make Marriott the largest hotel chain in the world. The boards of directors of both companies have unanimously approved a merger agreement, Marriott announced this morning. The combined companies will operate or franchise more than 5,500 hotels with 1.1 million rooms worldwide. About 35% of the properties are outside the United States of America.

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