Get all your Manchester Road Race stories and information here

Marriott buys rival hotel chain Starwood for $12.2 billion

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

Marriott Orlando FL

NEW YORK — Marriott International is buying rival hotel chain Starwood for $12.2 billion in a deal that will secure its position as the world’s largest hotelier.

The stock-and-cash deal, if completed, will add 50 percent more rooms to Marriott’s portfolio and give it more unique, design-focused hotels that appeal to younger travelers.

The new company would have 5,500 properties with more than 1.1 million rooms around the world, uniting Starwood’s brands, which include Westin, W and St. Regis, with Marriott’s two dozen brands including Marriott’s Courtyard, Ritz-Carlton and Fairfield Inn.

Back in April, Starwood announced its board was exploring strategic options for the hotel company.

There was speculation in the markets about a potential deal with Holiday Inn owner Intercontinental Hotels Group and more recently Hyatt Hotels Corp.