Marriott’s $13.6B acquisition of Starwood closes Friday

WASHINGTON — After three delays, Chinese regulators have approved Bethesda, Maryland-based Marriott International Inc.’s $13.6 billion acquisition of Starwood Hotels & Resorts Worldwide Inc., a merger that will create the largest hotel operator in the world.

Chinese regulatory approval was the last hurdle in the merger. European Union regulators approved the deal this summer. U.S. regulators approved it earlier this year, and Marriott and Starwood shareholders overwhelmingly approved the merger.

Marriott says the deal will now close Friday.

The merger brings together chains such as Ritz-Carlton, Courtyard and J.W. Marriott with Sheraton, Westin and St. Regis.

The combined companies will have more than 1 million hotel rooms at 5,700 hotel properties worldwide.

Marriott will remain headquartered at its longtime home in Bethesda, although Marriott may relocate its headquarters elsewhere in the Washington region sometime in the future.

Jeff Clabaugh

Jeff Clabaugh has spent 20 years covering the Washington region's economy and financial markets for WTOP as part of a partnership with the Washington Business Journal, and officially joined the WTOP newsroom staff in January 2016.

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