May 12, 2016
Marriott International buying Westin operator Starwood
U.S.-based hotelier Marriott International announced Monday that it has agreed to buy Starwood Hotels & Resorts Worldwide, Inc. for $12.2 billion in cash and stock. The acquisition will create the worlds largest hotel company, which will include three Cayman Islands hotels: the Marriott Grand Cayman Beach Resort, The Ritz-Carlton, Grand Cayman and the Westin Grand Cayman.