This just in via the Wall Street Journal. Starwood will terminate its deal with Marriott after receiving a higher offer from Chinese investors. Big news or a play to pry more money out of Marriott? Marriott has until March 28th to negotiate revisions to their agreement.
Only time will tell how this turns out, but it looks like the end may not be as near as we thought for Starwood Preferred Guest. And I’m not sad about that. Here’s a link to the article. (Subscription required, but do try searching for the title with Google for access) Here’s another link to a cNBC article.