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China Approves Marriott and Starwood Deal

Philadelphia, USA - October 21, 2011: The facade of the Philadelphia Marriott Downtown hotel seen from Market Street in Philadelphia, USA. Reception tables are visible behind the window facade. The Marriott logo is engraved in the centre on the facade. The Philadelphia Marriott Downtown hotel is a famous hotel in downtown Philadelphia and spans across two blocks in the city centre, connected by a bridge between the two buildings. Philadelphia has a population of 1.5m and was founded in 1682. (Photo: iStock)

Marriott International announced Tuesday that the Chinese Ministry of Commerce had approved its acquisition of Starwood Hotels and Resorts, a move that was the final regulatory approval needed to complete the merger of the two companies. Once the closing transaction is completed on September 23,  Marriott will become the largest hotel company in the world.

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[Photo: iStock]

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