Mormons family-owned Marriott International Inc. broke off from a passive edge in Starwood Hotels and Resorts Worldwide after its rival, China's insurance consortium, abandoned its nearly $14 billion bid for Sheraton and Westin hotels operator.

Marriott Prevails over China’s Insurance Conglomerate In a Protracted Bidding for Ownership of Sheraton and Westin Hotels

Mormons family-owned Marriott International Inc. broke off from a passive edge in Starwood Hotels and Resorts Worldwide after its rival, China’s insurance consortium, abandoned its nearly $14 billion bid for Sheraton and Westin hotels operator.

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