On Friday, Marriott International finalized its $13 billion acquisition of Starwood Hotels, creating the world’s largest hotel company. Marriott’s global chief commercial officer Stephanie Linnartz said the company would have preferred to pay the initial price it offered Starwood, before it raised its offer due to competing bids from China-based Anbang Insurance. Still, Marriott expects hundreds of millions of dollars in cost synergies. TheStreet’s Scott Gamm reports from Wall Street.
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