Marriott International / Starwood
Marriott International Inc. said Nov. 16 it would acquire Starwood Hotels and Resorts Worldwide Inc. in a $12.2 billion cash-and-stock transaction, one that if completed will unite two major hotel operators and create a dominant player in the hospitality and lodging sector.
Gibson, Dunn & Crutcher is representing Bethesda, Maryland-based Marriott, whose brands include Courtyard, Residence Inn and Ritz-Carlton. Stephen Glover, co-chair of the firm’s M&A practice, is leading a team that includes corporate partner Jonathan Corsico, tax partners Arthur Pasternak and Benjamin Rippeon, finance partner Aaron Adams, securities regulation and corporate governance co-chair James Moloney, executive compensation and employee benefits co-chair Michael Collins and antitrust partner Joshua Lipton. Of counsel Alisa Babitz and Andrew Hirsch are also working on the deal, as are associates Matthew Dubeck, Quinton Farrar, Saee Muzumdar and Alexander Orr. Glover says that his firm’s relationship with Marriott goes back a decade. Gibson Dunn has advised Marriott on securities offerings, governance regulation and hotel development deals, he says.
