Hyatt Reportedly In Talks to Buy Starwood Hotels and Resorts
According to Reuters—and a slew of other news sources—Hyatt Hotels Corp is in talks to buy Starwood Hotels and Resorts. If the rumor is true, Hyatt would gain full control of the brand. The real question is whether or not Hyatt can afford the deal: Starwood is currently valued at $12.75 billion, with Hyatt following at $7.23 billion.
What that means for travelers: not much, for now, aside from some possible decor or rate chages. As the two companies stand, a one-night stay in New York City in February runs about the same when you look at Starwood's more afforable locations—but that's not the case with a few other their premium properties, including the famous St. Regis Hotel. As for your Starwood points? That's up in the air. We'll know for sure in the coming weeks.
Erika Owen is the Audience Engagement Editor at Travel + Leisure. Follow her on Twitter and Instagram at @erikaraeowen.