GLOBAL REPORT—The race to 1 million rooms might end not through organic growth but with one of the largest bolt-on acquisitions in the hotel industry’s recent history.
Marriott International’s pending purchase of Starwood Hotels & Resorts Worldwide for $12.2 billion in total consideration will push the combined entity well past the finish line with 1,071,096 rooms in 5,456 hotels, according to the respective companies’ third-quarter earnings statements.
When Hotel News Now first ranked the 10 largest hotel companies by room count in the first quarter, InterContinental Hotels Group was sitting in pole position. The Denham, England-based hotel group now sits at third with 726,876 rooms in 4,963 hotels.
The second largest company is Hilton Worldwide Holdings with 737,922 rooms in 4,480 hotels.
New to the top 10 list is the merger between Jin Jiang International and Plateno Hotel Group, which ranks as the fifth largest hotel company with approximately 640,000 rooms in approximately 6,000 hotels.
