萬豪收購喜達屋 締造世界最大酒店集團
閱讀提示:中文在上,對照英文在下.
萬豪國際(Marriott International)將成爲全球提供客房總數最多的酒店集團，此前該集團以122億美元達成收購喜達屋酒店及度假村集團(Starwood Hotels & Resorts)的協議，後者旗下擁有W Hotels、瑞吉(St Regis)以及喜來登(Sheraton)等品牌。
Marriott International is set to become the world’s largest hotel company by rooms offered after reaching a $12.2bn deal to acquire Starwood Hotels & Resorts, owner of brands including Sheraton, St Regis and W Hotels.
萬豪在淘汰多家競爭對手後達成的這筆交易，將使得合併後的公司在全球擁有5500多家酒店（包括喜達屋最爲知名的高端生活方式品牌），共計110萬間客房。
The deal — which came after Marriott saw off several rivals — will create a company with a portfolio of 1.1m rooms in more than 5,500 hotels worldwide, including the upmarket lifestyle brands for which Starwood is best known.
2007年上一輪房地產繁榮達到頂峯之際，收購集團黑石(Blackstone)與希爾頓酒店集團(Hilton Hotels)達成了一項260億美元的協議，將後者私有化。萬豪此次收購是自那以後酒店業最大的一筆交易。隨着入住率和客房價格超過金融危機前的高點（尤其是在美國），一股整合浪潮席捲了酒店業。
Marriott’s purchase represents the most significant deal in the hotel sector since the buyout group Blackstone struck a $26bn deal to take Hilton Hotels private in 2007, at the height of the previous property boom. A rush to consolidate has gripped the hotel industry as occupancy and room rates have surpassed the highs set before the financial crisis, particularly in the US.
萬豪將進行近乎全股票的交易，相當於對喜達屋每股出價72.08美元，低於其上週結束時75美元的股價。
Marriott’s almost all-stock transaction values shares in Starwood at $72.08, below the $75 at which they finished last week.
每股喜達屋公司普通股將置換0.92股萬豪普通股（共計價值約119億美元）而剩下的以每股2美元的現金方式支付。喜達屋的投資者將擁有合併後公司37%的股份。
Marriott will pay 0.92 of its shares for each Starwood share — worth about $11.9bn, giving Starwood investors 37 per cent of the combined company with the remainder as a cash payment worth $2 a share.
喜達屋計劃剝離旗下分時度假業務，並將其與另一家美國運營商進行合併，該交易於上月達成，價值約13億美元。與萬豪的交易獨立於這筆交易。
The deal with Marriott is separate to Starwood’s planned spin-off and merger of its timeshare business with another US operator. That transaction, which was agreed last month, is worth about $1.3bn.
直到不久之前，喜達屋看似要落入另一家美國酒店運營商凱悅(Hyatt)手中，雙方已進入深入討論。至少一家中國旅遊集團以及總部位於倫敦的洲際酒店集團(InterContinental Hotels Group)也表達了對喜達屋的興趣。
Until recently, it seemed Starwood would fall into the clutches of another US-based hotel operator, Hyatt, which had been in advanced discussions. At least one Chinese leisure group and London-based InterContinental Hotels had also signalled interest in Starwood.
