Apr 9, 2016, 12:35 pm
Last edit by: Oxon Flyer
Deal closed SEP 23 - http://news.marriott.com/2016/09/marriott-international-expanded-loyalty-benefits/
FAQ :
http://members.marriott.com/faq/#will-rewards-and-spg-be-turning-into-one-program
Will Rewards and SPG be turning into one program?
These are two of the best programs in the industry, and we want you to benefit from everything that makes SPG and Rewards great. We don’t anticipate that the two programs will come together before 2018, and we will keep you informed of any updates. In the meantime, there’s no change to how you book reservations, manage your accounts or earn Elite night credits, points and miles in the current programs.
If I have Lifetime Status in one of the programs, will I also get it in the other program when I link my accounts?
We appreciate your loyalty! Lifetime Status is specific to the program that you earned it in. While linking accounts will not result in Lifetime Status in the other program, your Elite status will be matched to the same Elite tier in the other program. Any existing Lifetime Status you already hold within either program will still be enjoyed within that program. We’re working on more ways to recognize your loyalty and Lifetime Status as we work towards harmonizing the programs, which we don’t anticipate happening until 2018.
You can now link your Marriott Rewards or Ritz-Carlton Rewards account with your SPG account.
It will be a 3:1 transfer ratio between MR-SPG
FAQ :
http://members.marriott.com/faq/#will-rewards-and-spg-be-turning-into-one-program
Will Rewards and SPG be turning into one program?
These are two of the best programs in the industry, and we want you to benefit from everything that makes SPG and Rewards great. We don’t anticipate that the two programs will come together before 2018, and we will keep you informed of any updates. In the meantime, there’s no change to how you book reservations, manage your accounts or earn Elite night credits, points and miles in the current programs.
If I have Lifetime Status in one of the programs, will I also get it in the other program when I link my accounts?
We appreciate your loyalty! Lifetime Status is specific to the program that you earned it in. While linking accounts will not result in Lifetime Status in the other program, your Elite status will be matched to the same Elite tier in the other program. Any existing Lifetime Status you already hold within either program will still be enjoyed within that program. We’re working on more ways to recognize your loyalty and Lifetime Status as we work towards harmonizing the programs, which we don’t anticipate happening until 2018.
You can now link your Marriott Rewards or Ritz-Carlton Rewards account with your SPG account.
It will be a 3:1 transfer ratio between MR-SPG
Latest on the Starwood and Marriott merger : deal closed on 23 Sep.
Sep 20, 2016, 7:39 am
#1081
A FlyerTalk Posting Legend
Join Date: Aug 2002
Programs: UALifetimePremierGold, Marriott LifetimeTitanium
Posts: 71,114
http://www.starwoodhotels.com/corpor...tockquote.html
Also, part of the press release:
"As previously announced, Starwood shareholders will receive $21.00 in cash and 0.80 shares of Marriott International, Inc. Class A common stock for each share of Starwood Hotels & Resorts Worldwide, Inc. common stock.
Assuming that the transaction closes as expected, former Starwood shareholders will be entitled to receive Marriott’s quarterly cash dividend of 30 cents ($0.30) per share of Marriott common stock that Marriott’s Board of Directors declared on September 13, 2016 and which is payable to all Marriott shareholders of record at the close of business on September 23, 2016.
In that case, Starwood’s former public shareholders will not receive the dividend declared by Starwood’s Board of Directors on September 13, 2016. The dividend to Marriott shareholders, including the former Starwood shareholders, will be paid on September 30, 2016."
http://news.marriott.com/2016/09/mar...pproval-china/
Cheers.
Sep 20, 2016, 7:49 am
#1082
A FlyerTalk Posting Legend
Join Date: Sep 2009
Location: Minneapolis: DL DM charter 2.3MM
Programs: A3*Gold, SPG Plat, HyattDiamond, MarriottPP, LHW exAccess, ICI, Raffles Amb, NW PE MM, TWA Gold MM
Posts: 100,417
So in terms of the dividend, current Starwood shareholders will get 0.24 rather than 0.375 per Starwood share.
Sep 20, 2016, 8:07 am
#1083
A FlyerTalk Posting Legend
Join Date: Aug 2002
Programs: UALifetimePremierGold, Marriott LifetimeTitanium
Posts: 71,114
Sep 20, 2016, 8:14 am
#1084
Join Date: Apr 2003
Programs: B6 Mosaic, Bonvoy LT Titanium (x SPG LT), IHG Spire, UA Silver
Posts: 5,848
Yes, the 30 cents will be paid for each share but only .8 shares of MAR will be issued for each share of HOT. $21/share will also be paid out as the cash portion of the deal.
Sep 20, 2016, 8:42 am
#1085
Join Date: Jul 2014
Programs: SPG Gold; Hyatt Platinum; Hilton Gold, IHG Platinum = Mid Tier Master!
Posts: 29
Sep 20, 2016, 8:47 am
#1086
FlyerTalk Evangelist
Join Date: Feb 1999
Location: Seat 1A, Juice pretty much everywhere, Mucci des Coins Exotiques
Posts: 34,339
Darn.
To repeat an earlier post, "I for one would like to welcome our new insect overlords..."
Sigh.
To repeat an earlier post, "I for one would like to welcome our new insect overlords..."
Sigh.
Sep 20, 2016, 9:05 am
#1087
Join Date: Aug 2012
Posts: 6,752
Since distorting reality is no longer an option, on to the business of trying to maximize the value of remaining SPG points. So, realistically, we have until end of 2018 before SPG converts to MR?
Sep 20, 2016, 9:12 am
#1088
FlyerTalk Evangelist
Join Date: Feb 1999
Location: Seat 1A, Juice pretty much everywhere, Mucci des Coins Exotiques
Posts: 34,339
Sep 20, 2016, 9:12 am
#1089
FlyerTalk Evangelist
Join Date: Jun 2001
Programs: DL 1 million, AA 1 mil, HH lapsed Diamond, Marriott Plat
Posts: 28,190
Marriott International, Inc. (NASDAQ: MAR) and Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) today announced their merger transaction has received approval from the Chinese Ministry of Commerce (MOFCOM). As this was the last regulatory approval required to complete the merger, Marriott and Starwood are now able to proceed with closing the transaction and expect the transaction to be completed before the market opens on September 23, pending satisfaction of customary closing requirements. Upon closing, Marriott will solidify its status as the world’s largest hotel company.
http://news.marriott.com/2016/09/mar...pproval-china/
Sep 20, 2016, 9:13 am
#1090
Join Date: Aug 2012
Posts: 6,752
i know i am in the minority, but i view certain hotel points as more valuable than air except for last minute (my norm) travel. last minute domestic travel on UA award is a great deal due to availability vs last minute ticket prices- as is last minute CA J/F using AA/AK. as AA ExP, buying cheap fares and using SWU's has been incredible value- that ended on the earn side in July and i will not meet $ spend to maintain it after next year.
However, for redemptions in the US, in the past anyway, I've found FFs (AA & UA especially) a better value than hotel redemptions.
Sep 20, 2016, 9:15 am
#1091
Join Date: Dec 2015
Location: Dallas & San Diego
Programs: AA Plat, SPG Plat 100, Marriott Gold
Posts: 31
Sep 20, 2016, 10:55 am
#1092
Join Date: Nov 2012
Location: YOW
Programs: SPG Lifetime Plat, AC Altitude50
Posts: 251
StarwoodMarriott Merger Finalized
The merger is complete.
http://news.marriott.com/2016/09/mar...pproval-china/
I know there is a separate thread, however many if us don't follow it.
http://www.flyertalk.com/forum/starw...tt-merger.html
http://news.marriott.com/2016/09/mar...pproval-china/
I know there is a separate thread, however many if us don't follow it.
http://www.flyertalk.com/forum/starw...tt-merger.html
Sep 20, 2016, 11:07 am
#1093
A FlyerTalk Posting Legend
Join Date: Sep 2009
Location: Minneapolis: DL DM charter 2.3MM
Programs: A3*Gold, SPG Plat, HyattDiamond, MarriottPP, LHW exAccess, ICI, Raffles Amb, NW PE MM, TWA Gold MM
Posts: 100,417
I'm planning a wake for tonight, followed by an extensive period of mourning.
Sep 20, 2016, 11:08 am
#1094
Join Date: Mar 2003
Location: NYC/PSP
Programs: AA EXP, A3 Gold
Posts: 4,106
It's a very sad day today.
Sep 20, 2016, 11:21 am
#1095
Join Date: Mar 2013
Location: LBB
Programs: UA 1K 1MM ★G | Marriott LTT | Hilton ♦ | Hertz PC | Global Entry TSA Pre ✓
Posts: 2,820
Stariott is finally going to be reality! Looking forward to St. Regis.