Marriott-Starwood merger subject of lawsuit by...
Marriott-Starwood merger subject of lawsuit by...
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The merger between Marriott International Inc. (NASDAQ: MAR) and Starwood Hotels & Resorts Worldwide Inc. (NYSE: HOT) has been challenged in a lawsuit by hotel owners in New York and Chicago who argue the deal would violate exclusivity agreements, Bloomberg reports. The plaintiffs — Dream Team Hotel Associates LLC, which owns the Westin Times Square in New York, and Cityfront Hotel Associates LP, which owns the Sheraton Grand Chicago — contend the merger would hurt their businesses, as Westin…
from http://www.bizjournals.com/baltimore/news/2016/05/13/marriottstarwood-merger-subject-of-lawsuit-by.html?ana=RSS%26s=article_search