HOLY MOLY!!! Hyatt in talks to buy SPG (SPECULATION - Marriott buying SPG)
Oct 28, 2015, 7:16 am
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HOLY MOLY!!! Hyatt in talks to buy SPG (SPECULATION - Marriott buying SPG)
Oct 28, 2015, 7:17 am
#2
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** Hyatt in talks to buy Starwood - Sources ***
.... more details to follow.
*HYATT SAID IN ADVANCED TALKS TO BUY STARWOOD
*HYATT DEAL FOR STARWOOD WOULD BE CASH, STOCK
*HYATT/STARWOOD DEAL MAYBE ANNOUNCED IN NEXT WEEK OR TWO
*STARWOOD ALSO HAD TALKS WITH INTERCONTINENTAL
*STARWOOD TALKS WITH INTERCONTINENTAL DIDN'T RESULT IN DEAL
*HYATT SAID IN ADVANCED TALKS TO BUY STARWOOD
*HYATT DEAL FOR STARWOOD WOULD BE CASH, STOCK
*HYATT/STARWOOD DEAL MAYBE ANNOUNCED IN NEXT WEEK OR TWO
*STARWOOD ALSO HAD TALKS WITH INTERCONTINENTAL
*STARWOOD TALKS WITH INTERCONTINENTAL DIDN'T RESULT IN DEAL
Last edited by jonnye; Oct 28, 2015 at 7:25 am
Oct 28, 2015, 7:29 am
#3
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wow. Starwoods already up 8% and market is close yet!
Oct 28, 2015, 7:30 am
#4
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If they consummate this one.. Where would it put Hyatt in footprint? I would assume still third behind Marriott and Hilton.
Oct 28, 2015, 7:45 am
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As a hotel customer, I'm cheering for Hyatt to acquire Starwood. Marriott and Hilton would still have more properties, but that is not a reason one way or another for an acquisition to make sense from a financial/investor perspective.
Oct 28, 2015, 7:47 am
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Oct 28, 2015, 8:19 am
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Oct 28, 2015, 8:25 am
#8
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I didn't see that coming...
Oct 28, 2015, 8:27 am
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Oct 28, 2015, 8:28 am
#10
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I would welcome the increased presence, but I fear for everything else I love about Hyatt...
Oct 28, 2015, 8:31 am
#11
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Yes am happy that I would have Diamond status with both Hyatt and Starwood although I am worried that our Diamond benefits would be downgraded significantly...
Oct 28, 2015, 8:36 am
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Wow, did not expect this. Will be interesting to see what happens.
Oct 28, 2015, 8:38 am
#13
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According to this site, by revenue, IHG is in the lead by a fair amount, with Marriott and Hilton distant 2nd and 3rd. Starwood, Accor, Wyndham, and Hyatt make up the next tier, at about half of Hilton's revenue. Combining *wood and Hyatt would put them at a combined 10.4B USD in 2014, just beind Hilton's 10.5B USD.
They'd pretty much be right around #3 or 4 globally by revenue. I think they'd be around 5 or 6 for rooms and properties, though.
They'd pretty much be right around #3 or 4 globally by revenue. I think they'd be around 5 or 6 for rooms and properties, though.
Oct 28, 2015, 8:42 am
#14
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Some very interesting branding issues if this goes through.
Starwood has done a really poor job with its brands, don't think Sheraton, Westin, nor the Luxury Collection have much value at all as brands (though they obviously have some desirable properties), and W was last hot about fifteen years ago.
Also, let's note that Hyatt is not in talks to buy "SPG" - that's just the loyalty program. They are looking to buy Starwood Hotels & Resorts.
Starwood has done a really poor job with its brands, don't think Sheraton, Westin, nor the Luxury Collection have much value at all as brands (though they obviously have some desirable properties), and W was last hot about fifteen years ago.
Also, let's note that Hyatt is not in talks to buy "SPG" - that's just the loyalty program. They are looking to buy Starwood Hotels & Resorts.
Oct 28, 2015, 8:48 am
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I actually don't care too much for the Starwood properties in Korea or Japan. Hyatt's are way better by a country mile.