Starwood Property Trust has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.
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The Starwood sales process, which kicked off April 29 at the urging of some of the hotel chain's shareholders, involved 30 U.S. or foreign hotels or investment groups that reached out or were contacted, while Marriott International ultimately took home the grand prize in November for $12.2 billion.
What happens to my existing points? The new program means that a single points currency will be introduced. SPG members will need to combine their accounts with Marriott come August where their points balance will triple. In other words, 1 SPG point = 3 Marriott Rewards Points (or whatever the new name ends up being).
Marriott, now the world's largest hotel company following its $12.5 billion acquisition of Starwood, is merging three of its rewards programs on August 18th: Marriott Rewards, Starwood Preferred Guest (SPG), and Ritz-Carlton Rewards.