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St. Louis Hotel News Spotlight

Marriott St. Louis Airport
Marriott St. Louis Airport recently completed $20 million renovation of its expansive lobby, guest rooms, and 29,000 square feet of event space.
Marriott International To Acquire Starwood Hotels & Resorts Worldwide
ST. LOUIS, MO, (SLFP.com), November, 2015 - Marriott International, Inc. and Starwood Hotels & Resorts Worldwide, Inc. have announced that the boards of directors of both companies have unanimously approved a definitive merger agreement under which the companies will create the world's largest hotel company.

The merged company will offer broader choice for guests, greater opportunities for associates and should unlock additional value for Marriott and Starwood shareholders. Combined, the companies operate or franchise more than 5,500 hotels with 1.1 million rooms worldwide.

The combined company's pro forma fee revenue for the 12 months ended September 30, 2015 totals over $2.7 billion. One-time transaction costs for the merger are expected to total approximately $100 to $150 million.

World-Class Associates: This combination brings together two of the most talented teams in the industry. Together, they will combine their innovative ideas and service commitment to deliver unforgettable guest experiences. Leading Loyalty Programs: Today, Marriott Rewards, with 54 million members, and Starwood Preferred Guest, with 21 million members, are among the industry's most-awarded loyalty programs, driving significant repeat business. They should be even stronger when the companies merge.

J.W. Marriott, Jr., Executive Chairman and Chairman of the Board of Marriott International, said: "We have competed with Starwood for decades and we have also admired them. I'm excited we will add great new hotels to our system and for the incredible opportunities for Starwood and Marriott associates. I'm delighted to welcome Starwood to the Marriott family."

In a statement, Bruce Duncan, Chairman of the Board of Directors of Starwood Hotels & Resorts Worldwide, said: "During our comprehensive review of strategic and financial alternatives, it was clear that our talented people, world-class brands, global leadership and spirit of innovation were much admired and key drivers of our value.

The transaction is subject to Marriott International and Starwood Hotels & Resorts Worldwide shareholder approvals, completion of Starwood's planned disposition of its timeshare business, regulatory approvals and the satisfaction of other customary closing conditions. Assuming receipt of the necessary approvals, the parties expect the transaction to close in mid-2016.


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Archived St. Louis Hotel News:
- The Polar Express™ Train Ride at St. Louis Union Station
- Renaissance Grand Becomes Marriott St. Louis Grand
- Drury Hotels Receives Record-Setting Tenth Consecutive J.D. Power Award for Guest Satisfaction
- Enterprise Claimed Top Three Spots for Car Rental in the 2015 Travel + Leisure World's Best Awards
- Historic St. Louis Union Station Voted Number 3 in Historic Hotels of America's "Best Historic Hotel"
- Hyatt to Launch Free Wi-Fi Access in All Lobbies and Guest Rooms Worldwide
- Hampton Inn & Suites Debuts in Clayton with Ribbon Cutting
- Drury Inn & Suites Opens Snazzy New Contemporary Location in Brentwood
- DoubleTree by Hilton Builds Customer Loyalty Worldwide Through 'Culture of Care' - Interview with John Greenleaf, Global Head of the DoubleTree Hilton Brand
- Grand Hall Experience at St. Louis Union Station Hotel


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