Hotel giants’ tie-up opens luxury doors

Original article by Larry Schlesinger
The Australian Financial Review – Page: 35 : 18-Nov-15

JLL’s Mark Wynne Smith anticipates further consolidation in the global accommodation industry in the wake of the proposed merger of Marriott International and Starwood Hotels & Resorts. The combined group will boast 5,500 hotels and 1.1 million rooms worldwide, including 16 hotels and 5,000 rooms in Australia. The two companies plan to add an additional 2,500 hotel rooms in Australia during the next five years.

CORPORATES
MARRIOTT INTERNATIONAL HOTELS INCORPORATED, STARWOOD HOTELS AND RESORTS WORLDWIDE INCORPORATED, JONES LANG LASALLE INCORPORATED, ACCOR ASIA PACIFIC, MANTRA GROUP LIMITED – ASX MTR, THE RITZ-CARLTON HOTEL COMPANY LLC, SHERATON HOTELS, W HOTELS, WESTIN HOTELS AND RESORTS, FOUR POINTS BY SHERATON, SAVILLS (AUST) HOLDINGS PTY LTD, BRIGHT RUBY RESOURCES PTE LTD, SUNSHINE INSURANCE GROUP COMPANY LIMITED, INTER-CONTINENTAL HOTELS AND RESORTS, HILTON HOTELS CORPORATION

Leave a comment