Not So Fast, Marriott! Starwood Has a New $14 Billion Buyout Offer

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Update:   One or more card offers in this post are no longer available.  Check our Hot Deals for the latest offers. 

Most folks (including myself!) thought that Marriott buying Starwood was a done dealManagement from both companies told us to expect the merger to be complete later this year.

Now, Anbang Insurance Group (a Chinese company) is offering over $14 billion to buy Starwood Hotels.  That’s ~$1.8 billion more than the Marriott deal.  And Starwood shareholders have to vote on that offer on March 28, 2016.

Not So Fast Marriott Starwood Has A New 14 Billion Buyout Offer

Wait, What? A Chinese Company Has Offered More Money to Buy Starwood Hotels

What does this mean for your points?  I’ll explain!

What’s Happening?

Link:   Marriott Buying Starwood Hotels

Link:   Anbang Insurance Group Offers to Buy Starwood Hotels

Marriott announced last year it would buy Starwood hotels to create the largest hotel chain the world.  So far, we don’t know what will happen to their loyalty programs.  Or how your Starwood points will be integrated into their new hotel chain.

Now, a Chinese company, Anbang Insurance Group, is offering more money to buy out Starwood.

This company also recently bought Strategic Hotels and Resorts (which owns some upscale hotel locations, including several Ritz-Carlton hotels) for $6.5 billion.  And they purchased the Waldorf Astoria New York in 2014 for nearly $2 billion.

Starwood shareholders will have to vote on the Marriott deal on March 28, 2016.  If they reject it, they’ll owe Marriott $400 million!

But this new offer might be a better deal for shareholders – and for us!

Why Is This Good?

One of the biggest concerns over the Starwood – Marriott merger was how they’d combine their loyalty programs.

Many folks are loyal to Starwood Preferred Guest, because they have excellent hotels, service, and elite perks.  So some were worried Marriott’s buyout would diminish or eliminate the uniqueness of the Starwood brand.

With this new deal, I suspect (hope!) the Starwood name and brand would stay intact.  That’s good news!

That said, this is very fresh information.  So the details aren’t clear.  But I’ll update you as soon as I find out more!

In the Meantime…Great Card Offers!

Link:   American Express Starwood Preferred Guest (Personal)

Link:   American Express Starwood Preferred Guest (Small Business)

Link:   My Review of the Increased 35,000 Point AMEX Starwood Offers

Link:   Marriott Rewards® Premier Credit Card

Link:   My Review of the Chase Marriott Premier 80,000 Point Offer

While we wait to see what will happen with the Marriott – Starwood merger, both hotel chains have terrific increased sign-up bonuses on their credit cards!

The best offer ever is available for AMEX Starwood personal and small business cards until March 30, 2016.  You’ll earn 35,000 Starwood points from each card after meeting the minimum spending requirements.

Here’s my series on how to earn (and use) Starwood points.

And you can now earn 80,000 Marriott points after meeting minimum spending requirements on the Chase Marriott Premier card.

Check out these ideas on how to use the sign-up bonus at terrific Marriott hotels in the US, Europe, Central & South America, Mexico & the Caribbean, India & North Asia, and Australia and South Asia.

Remember, it’s rumored Chase will change its application rules for airline and hotel cards in April 2016.  So if you’re interested in the Chase Marriott Premier (or any other Chase card), you should apply soon.

Folks who’ve opened ~5 or more credit cards in the past 24 months will soon have difficulty opening any Chase card!

If you have Starwood or Marriott points, or are considering for these cards, have a plan for using your points.  Because we don’t know what will happen to either program after the merger or buyout.

And as with everything in our miles & points hobby, great deals don’t last forever!  So use your points for Big Travel that’s important to you!

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7 responses to “Not So Fast, Marriott! Starwood Has a New $14 Billion Buyout Offer

  1. Question regarding the Chase 5/24 ‘proposed’ rule – when does the 24mo clock start? Example – if it does come into play in April, will Chase look back from April 2014 to April 2016? or does the clock start at April 2016 going forward? Thanks!

  2. Amex will not approve this card as I have applied for 2 other cards in the last 3 months. I tried cancelling one of the cards and tried again. Still no luck. Any other way to get the Starwood Amex credit card as I don’t want to miss the offer

  3. @Todd–Chase would start looking from April 2014.

  4. If shareholders vote no, wouldn’t that be that they owe Marriott – not Starwood ! I think you have a typo.

  5. @Todd – There’s nothing in writing from Chase. But I suspect they will look at the 24 months immediately before you apply for a card.

    @Raj – Did you speak to someone at AMEX? Here are some tips to help make your reconsideration call a success:

    @scott – Thanks.

    @Pam – You’re right, thank you! It’s been fixed.

  6. The break up fee is $400 million not $4million

  7. @John kim – Missed a couple zeros! Thanks for the catch, it’s fixed. 🙂