A PYMNTS Company

Mexico: COFECE greenlights Marriott-Starwood merger

By  |  July 12, 2016

Mexico’s competition regulator COFECE has given the go-ahead on Marriott International Hotels’ acquisition of its rival, Starwood Hotels & Resorts Worldwide and its 15 properties in Mexico.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    COFECE’s approval brings the $13.6 billion dollar merger one step closer to completion, as the international transaction continues to bring together the two hotel giant’s operations in the United States, Canada, Colombia, India, Pakistan, Taiwan, Turkey, South Africa, Japan, Chile, South Korea and the European Union.

    Both Marriott and Starwood hotels have an important presence in Mexico, requiring the authority’s close review. Marriott operates 40 hotels in 25 cities, while Starwood operates 29 different lodging establishments in 14 cities.

    Full Content: En Concreto

    Want more news? Subscribe to CPI’s free daily newsletterr for more headlines and updates on antitrust developments around the world.