seems odd to lump big/cheap brands with top/small/expensive brands (ritz carlton, st regis, etc)
from the nov 16 investor call >
Originally Posted by Marriott CEO
we believe we can meaningfully accelerate growth in many of Starwood’s brands, particularly in the upscale segment.
SPG skews a little bit younger in some respects
Originally Posted by Marriott CFO
We expect to choose the best from each company… systems, designs, operations, and talent.
Marriott CEO did not bring up sheraton brand, a JPMorgan analyst said >
44 percent of the room count is the Sheraton brand
choosing marriott stock deal >
Originally Posted by Starwood Chairman
from our perspective we wanted stock. We wanted as much stock as we could get. It's very important to us. We think the opportunity here is enormous together, putting these two companies together...We think this is a game changer. We think when you look at this stock that it's the go-to stock...in the hospitality business...we're very excited about how these companies think...we think by putting these companies together it's going to be a very, very exciting Company that works for everybody, for our investors and our customers. And we're enthusiastic about it.
Originally Posted by Starwood CEO
we're not selling for cash, we're selling for stock. And we've got 37 percent of the long-term value accretion that comes to the combined Company flowing back to our shareholders and we have such confidence in the Marriott Starwood combined entity, especially in its growth prospects and the revenue synergies and the cost synergies we don't even think it's close that the transaction we signed off on today is the best one for our shareholders and will produce the greatest long-term return for Starwood owners.
we will hear about other bidders soon >
Originally Posted by Starwood Chairman
Things will be disclosed in the proxy when we file it which we anticipate to file it by the end of the year, before the end of the year.
thinking about it, hotel owners are in same boat as FT SPG Plats, where are they going to go?
and re hilton, marriott has grown to be barely smaller than hilton, with higher revenue.