Pankaj68. Starwood Hotels
Headquarters: Stamford, CT
Bought By: Anbang (abandoned deal)
Headquarters: Beijing
Although this deal fell through, it was so close to closing that it’s worth mentioning. Back in 2016, Chinese group Anbang was locked in a bidding war with Marriott International for Starwood Hotels. Anbang put in an offer of $14 billion for the hospitality chain.
Many expected Anbang to hold on for longer, but they dropped out leaving Marriott to swoop in and become the world’s largest lodging company. Anbang already had an impressive portfolio of American brands, but they wanted to add Starwood to it. According to Anbang, they decided to withdraw after considering the market.