Chinese Insurance Company and Marriott Go Back and Forth with Bids to Buy Starwood


The Chinese insurance company Anbang has topped Marriott’s latest bid for Starwood, the company that manages these hotel brands.

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This soap opera has been ongoing since November when Marriott offered $72.08 per share for Starwood. Anbang and Marriott have gone back and forth with the latest Anbang offer worth $82.75 per share.

I haven’t been covering the twists and turns and won’t cover them again until a sale is completed. When that happens, we will have plenty of time to sort out what that means for our SPG points.

I am rooting for SPG to remain independent (either not be purchased or purchased by the Chinese company) over a Marriott purchase because Marriott’s points are worth about 0.5 cents each while SPG points are worth 2.5 cents each. I see a Marriott purchase as a death sentence for the SPG program as we know it, though one in which execution will be stayed for at least a year from the purchase announcement.

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