EU set to clear unconditionally Marriott, Starwood deal: Source


US hotel chain Marriott International is on track to win unconditional EU antitrust approval for its cash and share purchase of Starwood Hotels and Resorts Worldwide Inc, a person familiar with the matter said on Tuesday. The deal, currently worth $12.

5 billion, will put Marriott's brands including the Ritz-Carlton and Starwood's Sheraton and Westin chains together to create the world's largest hotel company and is one of many in the sector this year. Consolidation has picked up pace amid rising competition from new.

This article is no longer available in our repository.

There could be multiple reasons for this.