Anbang taking over luxury hotels in CA and nation

[Etinchen]

Anbang based in China is Starwoods highest bidder for 13 Billion dollars and recently bought most of the luxury hotels in CA ( 8.8 Billion) last week.

 

[Etinchen]

Next time I go to the Ritz Carlton or Montage there will be some Beijing Duck on the menu.

 

[gasman]

Marriott increased their bid.

How is this relevant?

 

[AW]

Wonder if it's a good time to buy into spg timeshare.  Star options will convert to yuan which is pegged to usd, yay!

 

[Irvinecommuter]

Anbang based in China is Starwoods highest bidder for 13 Billion dollars and recently bought most of the luxury hotels in CA ( 8.8 Billion) last week.

Nope...didn't happen.

Starwood is merging with Marriott...which is probably not great for consumers.
http://www.wsj.com/articles/starwood-agrees-to-sweetened-merger-with-marriott-1458559079