Old News: Marriott Acquired Starwood

I must have been under the rocks not noting one of the biggest mergers in Hotel History – 4 years ago – whereby Marriott Acquired Starwood for 0.8 of its own shares and $21,- in cash per starwood share.
and

became

 

From the Marriott press release:

At closing {ed: Mid 2016} Starwood stockholders will receive 0.8 shares of Marriott common stock plus $21.00 in cash for each share of Starwood common stock.

As previously announced, the parties have cleared the pre-merger antitrust review in the United States and Canada and multiple other jurisdictions. The transaction remains on track to close mid-2016 pending completion of Starwood’s planned divestiture of its timeshare business expected on or around April 30, 2016, obtaining remaining regulatory approvals, including in the European Union and China, and the satisfaction of other customary closing conditions.

Lazard and Citigroup are serving as financial advisors to Starwood Hotels & Resorts Worldwide and Deutsche Bank Securities is the financial advisor to Marriott International. Cravath, Swaine & Moore is serving as legal counsel to Starwood Hotels & Resorts Worldwide and Gibson, Dunn & Crutcher is serving as legal counsel to Marriott International on the transaction.

About Starwood Hotels & Resorts Worldwide, Inc. Starwood Hotels & Resorts Worldwide, Inc. is one of the leading hotel and leisure companies in the world with nearly 1,300 properties in approximately 100 countries and approximately 188,000 employees at its owned and managed properties. Starwood is a fully integrated owner, operator and franchisor of hotels, resorts and residences under the renowned brands: St. Regis®, The Luxury Collection®, W®, Westin®, Le Méridien®, Sheraton®,Tribute Portfolio™, Four Points® by Sheraton, Aloft®, Element®, along with an expanded partnership with Design Hotels™. The company also boasts one of the industry’s leading loyalty programs, Starwood Preferred Guest (SPG®).

Dogs are Welcome!

A friend posted this memo on FB. Origin The Nutters Club NZ:

Dogs are welcome in this hotel!
We never had a dog that smoked in bed and set a fire to the blankets.
We never had a dog that stole our towels and played the T.V too loud or had a noisy fight with his travel companion.
We never had a dog that got drunk and broke up the furniture…
So if your dog can vouch for you, you’re welcome too!

Twitter Twelve

Last Friday, March 13, I was told it was my twelfth Twitter anniversary. And I got a nice 12 picture. Better to post about that here than let it float out of sight on Twitter. Twitter is a nice communication tool, but it lacks the searcheability of a blog. However it is a nice tool to hone your arguments in some discussions. Usually I spend one or two times a day some minutes on it.

3D Printed Sand Resort in Mozambique to Open soon

Kisawana Sanctuary
Kisawana Sanctuary will open in 2020

Prices start at $8,124 a night for a one bedroom bungalow and while that certainly is steep, not only will you be able to boast about your stay in the 3D-printed sand kingdom, but you’ll even get your own private chef, dedicated staff, a spa, diving, a marine safari, and access to your own electric vehicle and e-bike.

via GQ

Benguerra Island is situated 14 kilometers off Mozambique, on the Eastern coast of Africa. Part of the Bazaruto Archipelago, this WWF National Marine Park is home to some of the richest and least explored subtropical ecosystems in the Indian Ocean.

Via Kisawana Sanctuary