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Marriott tells shareholders more about Starwood deal as closing draws near

from Skift

Marriott would have collected a $450 million breakup fee, in addition to $8 million in extra costs, from Starwood/Anbang, but it probably would have lost much more overall, in the long term, in the missed opportunity of becoming the world's largest hotel company. Marriott recently disclosed it spent a total of $8 million in transaction- and transition-related costs associated with its acquisition of Starwood for the first quarter of 2016 in recent U.S. Securities and Exchange Commission filings. more

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