Starwood Hotels & Resorts has rejected a proposed takeover by Marriott International, preferring to explore what it views as a “superior offer” from a consortium led by Anbang. The Chinese insurance giant tabled a bid of $78 per share for the American hotel giant earlier, valuing the company at $13.2 billion. Marriott now has until March 28th to respond with …

Marriott International in Europe will double in size once its acquisition of Starwood Hotels & Resorts is complete.  In Europe, the company will reach over 123,000 opened or signed rooms when Marriott’s 61,000 open rooms join with Starwood’s 40,500 open rooms and the combined pipeline of 21,500 rooms. Starwood’s luxury brands, including St. Regis, Luxury Collection and W Hotels, will …