Santamarina & Steta legally represents Marriott before the Federal Economic Competition Commission in Mexico in the acquisition of Starwood Hotels & Resorts.
· The transaction value comes to $13.6 billion dollars
· The merger will results in the biggest hotel chain in the world
Mexico City July 18th, 2016. The law firm Santamarina y Steta represented Marriott International, Inc. before the Federal Economic Competition Commission (COFECE) to obtain antitrust authorization to proceed with the acquisition of Starwood Hotels & Resorts Worldwide, Inc.
Marriott International, Inc. has nearly 4,500 properties in 87 countries and territories, while Starwood Hotels & Resorts Worldwide, Inc. is present in approximately 100 countries through their nearly 1,300 properties. Currently, Starwood Hotels & Resorts Worldwide, Inc. owns and operates 11 brands, such as St. Regis®, Sheraton®, W® and Westin®.
Since its establishment in 1991, Starwood Hotels & Resorts Worldwide, Inc. has been recognized for its innovative programs and initiatives, such as the award-winning program Starwood Preferred Guest®. Upon the completion of the merger, whose estimated value is 13.6 billion dollars, the group will be consolidated as the largest hotel chain in the world.
The Santamarina y Steta team representing Marriott International, Inc. was led by the partner Ernesto Duhne. His practice is mainly focused on antitrust law, representing Mexican and foreign clients before the Federal Economic Competition Commission, coordinating multijurisdictional transactions, and counseling clients in antitrust investigations.