Hyatt Hotels is reportedly in talks to purchase Starwood Hotels and http://willhairdyekilllice.healthfitnessjourney.com and that Hyatt's management would likely retain control of the combined company.
While a price for the potential deal wasn't provided by the sources, analysts say the hotel company could be valued at more than $17 billion.
Both hotel companies declined to provide comment on the potential deal.
Starwood first announced in April that it had decided to explore a sale. Several months later the company had reached out to potential bidders such as InterContinental Hotels Group Plc, Wyndham Worldwide Corp and sovereign wealth funds, Reuters reports.
The company announced on Wednesday that it had sold its vacation ownership business to Interval Leisure Group for $1.5 billion.
Hyatt in talks to buy Starwood Hotels - source [Reuters]
Tell a friend:Share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Google+ (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Pinterest (Opens in new window)Click to share on Tumblr (Opens in new window)Click to email this to a friend (Opens in new window)Click to print (Opens in new window)
