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PO Box 1212 Tampa, FL 33601 Pinellas Updated November 2024
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RETURN TO NEWS INDEX Marquee Tampa Bay hotels would be part of combined Marriott-Starwood The combination of Bethesda-based Marriott and Stamford, Connecticut-based Starwood will create the world's largest hotel company. The combined company would control more than 5,500 hotels and 1.1 million rooms around the world.
Marriott has 49 hotels in Tampa and 50 in St. Petersburg. Starwood has seven hotels in Tampa and one in Clearwater Beach. The local properties that will be part of the merged company, if the deal closes, are among some of the region's marquee hospitality venues:
And while not among the largest, two prominent downtown Tampa hotels are Starwood properties: Le Meridien Tampa, the restored former federal courthouse; and Aloft Tampa Downtown, which is a renovated office tower.
The deal is the biggest takeover in the hotel industry since Blackstone Group LP bought Hilton back in 2007 for $26 billion.
Starwood is known for a number of its brands, including Sheraton, Westin, W and St. Regis.
"The driving force behind this transaction is growth. This is an opportunity to create value by combining the distribution and strengths of Marriott and Starwood, enhancing our competitiveness in a quickly evolving marketplace," Marriott CEO Arne Sorenson said in a statement. "This greater scale should offer a wider choice of brands to consumers, improve economics to owners and franchisees, increase unit growth and enhance long-term value to shareholders."
The Marriott Rewards program has 54 million members while Starwood Preferred Guest has 21 million, according to USA Today.
- TBBJ Reporter Ashley Gurbal Kritzer contributed to this report.
Jennifer Nycz-Conner writes the weekly Working the Room column and oversees all video production. |
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