Table of Contents
When did Marriott buy Sheraton?
If you are a seasoned traveler, you may have stayed at a Sheraton hotel or a Marriott hotel. These two hotel chains are among the most popular and respected in the hospitality industry, and they have a long history of providing excellent service to their guests.
However, you may be wondering when Marriott bought Sheraton. In this article, we will answer that question and provide some background information on these two hotel chains.
The History of Sheraton Grand Sydney
Before we dive into the acquisition of Sheraton by Marriott, let’s take a closer look at the Sheraton Grand Sydney. This luxurious hotel is located in the heart of Sydney, Australia, and is one of the most popular hotels in the city. The Sheraton Grand Sydney is known for its excellent service, luxurious amenities, and prime location, making it the perfect choice for travelers who want to experience the best of Sydney.
Marriott’s Acquisition of Sheraton
Now, let’s get back to the main question: when did Marriott buy Sheraton? The answer is 1998. In that year, Marriott International acquired Sheraton’s parent company, Starwood Hotels and Resorts Worldwide, Inc. in a deal worth $13.3 billion. This acquisition made Marriott the largest hotel company in the world, with more than 30 hotel brands and over 6,500 properties in 127 countries.
The acquisition of Starwood by Marriott was a significant milestone in the hospitality industry. It brought together two of the most respected and successful hotel chains in the world, and it created a company with unparalleled resources and expertise. The acquisition also allowed Marriott to expand its reach into new markets and to offer its guests even more choices when it comes to accommodations.
The Benefits of Marriott’s Acquisition of Sheraton
The acquisition of Sheraton by Marriott has had many benefits for both companies and their guests. For example, Marriott has been able to leverage Sheraton’s expertise in luxury accommodations to improve its own offerings, while Sheraton has benefited from Marriott’s extensive resources and marketing reach. Additionally, the acquisition has allowed both companies to expand their reach into new markets and to offer their guests a wider range of accommodations and amenities.
See Related: Best Hostels in Sydney, Australia
In conclusion, Marriott bought Sheraton in 1998, and this acquisition has had many benefits for both companies and their guests. If you are planning a trip to Sydney, Australia, be sure to check out the Sheraton Grand Sydney, one of the finest hotels in Australia.