TWO more Starwood brands - The Luxury Collection and Tribute Portfolio - will make their debut in Singapore this year and next, taking the number of Starwood properties in Singapore to eight. The luxury Duxton Club will consist of two pre-war colonial heritage buildings offering guests different experiences. The 50-room Duxton House is slated to open in early 2017 while the 138-room Duxton Terrace, 200...
Starwood
Marriott International is close to winning a bidding war for Starwood Hotels & Resorts that would create the global hotel leader, trumping an offer from China's Anbang. Marriott improved its November cash-and-stock offer for Starwood by more than US$1 billion, to US$13.6 billion, in an amended deal approved by their respective boards of directors, the companies announced in a joint statement on Monday...
Singapore's sovereign wealth fund has bought the Westin Tokyo hotel from Morgan Stanley and US-based Starwood Capital, the firms said Tuesday, in a deal reportedly worth about US$715 million. The 438-room hotel in Tokyo's Ebisu district will continue to be operated by Starwood Hotels and Resorts under the Westin brand, a joint statement said. The companies gave no financial terms for the purchase by GIC...