This was reported by the Wall Street Journal Thursday on the authority of sources around the acquisition process.
Anbang, owner of among others the Dutch insurer Vivat, raised earlier this week his bid at Starwood Hotels. It thus tried to outdo Marriott International, which wants to annex his rival as well.
The Chinese were willing to put $ 14 billion on the table, Marriott went so far no further than 13.6 billion dollars. Both sides was already the second offer for Starwood, which owns inter alia Hotel Des Indes in The Hague and the Sheraton at the airport.
Million Rooms
Marriott is the parent company of well-known chains such as Ritz-Carlton and Renaissance. Starwood has names like Sheraton and Le Meridien. In a merger of the two companies would create the world’s largest hotel group emerged, with 1.1 million rooms spread over more than 5,500 hotels in over one hundred countries.
Anbang is active mainly in the financial sector but dropped recently already a first step in the American hotel industry. The insurer paid $ 6.5 billion for Strategic Hotels & amp; Resorts, owner of the renowned Waldorf Astoria in New York City
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