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Just when you thought $13.6 billion was enough to put an end to the bidding war for Starwood Hotels — home to brands like Sheraton, St. Regis, Westin, and W — and crown Marriott the victor, the other suitor, China’s Anbang Insurance.

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(Reuters) – Starwood Hotels & Resorts Worldwide Inc on Friday said a $13 billion cash offer from China’s Anbang Insurance Group Co was superior to one from Marriott International Inc , setting the stage for the largest ever deal by.

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Beijing: China’s Anbang Insurance Group Co has emerged from near obscurity 18 months ago to sign deals worth more than $30 billion (Dh110 billion), moving into the big league of global real estate and finance. The Beijing-based firm has.

China’s Anbang Insurance Group Co said on Thursday it has abandoned its $14 billion bid for Starwood Hotels & Resorts Worldwide Inc , paving the way for Marriott International Inc to buy the Sheraton and Westin hotels operator.

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“Hotel booking scams are a major problem in the hospitality space today,” says Mike Tanenbaum, who works on cybersecurity issues for insurance company Chubb. Part of the issue is the wide range of booking options travelers.

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* Anbang assets doubled to $253 bln since end-2014 * Commits to $30 bln in buyouts in last 18 months * Starwood bid follows $6.5 billion luxury hotels deal * Founder Wu Xiaohui seeking to transform local insurer BEIJING, March 15.

STAMFORD, Conn.–(BUSINESS WIRE)–Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) (“Starwood”) today.

Some of its peers, including Anbang Insurance Group [ANBANG.UL], are facing similar pressures. Last week, the Chinese government announced it was taking control of Anbang, saying it violated laws and regulations. A 25 percent.

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The union representing 6,000 hotel workers in downtown Chicago and 15,000 hospitality workers in the Chicago area said Friday that contract negotiations are "very, very far from settlement." The contracts for the 31 hotels expired Aug. 31,

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