Marriott Completes Acquisition Of Starwood Hotels

(RTTNews) - Marriott International Inc. (MAR) said that it has completed its acquisition of Starwood Hotels & Resorts Worldwide Inc.

Beginning today, Marriott will match member status across Marriott Rewards - which includes The Ritz-Carlton Rewards - and Starwood Preferred Guest (SPG), enabling members to transfer points between the programs for travel and exclusive experiences when they link their accounts later today.

The new company will operate or franchise more than 5,700 properties and 1.1 million rooms, representing 30 leading brands from the moderate-tier to luxury in over 110 countries. With the completion of this acquisition, Marriott's distribution has more than doubled in Asia and the Middle East & Africa combined.