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Marriott Inc. less likely to outbid China's Anbang for Starwood Hotels

Marriott Hotel Less Likely to Outbid Anbang - Analysts

Charissa Echavez   | Mar 21, 2016 08:20 AM EDT

Hotelier Marriott International Inc, may have to raise its bid for Starwood Hotels & Resorts Worldwide Inc. as it is less likely to outbid Chinese insurer Anbang, experts said.

The Waldorf Astoria is pictured at 301 Park Avenue in New York October 6, 2014.

Waldorf-Astoria Sale to Chinese Firm Still Held Up by U.S. Over Security Concerns

Dan Weisman   | Nov 18, 2014 07:39 AM EST

Although Hilton Worldwide Holdings Inc. (HLT.N) last month announced a nearly $2 billion deal to sell its flagship Waldorf Astoria New York hotel to a Chinese insurance company, the deal is still in limbo.

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Zhou Yongkang: China's Former Security Chief Sentenced to Life in Prison

China's former Chief of the Ministry of Public Security, Zhou Yongkang, has been given a life sentence after he was found guilty of abusing his office, bribery and deliberately ... Full Article

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