The consolidation wave, building in the hotel industry for some time, hit the full-service sector with two mega-deals this winter. In late January, Hilton Hotels Corporation made a $6.5 billion hostile bid for ITT Sheraton, which quickly rejected the offer and began preparing to sell off its "non-core" assets, such as the New York Knicks. Aiming to raise cash and demonstrate a clear focus on its hotel and casino business, ITT Sheraton hoped to keep shareholders happy enough with the ...

Register for Complete Access (Valid Email Required)

By registering on MeetingsNet now, you'll not only unlock the Major Hotel Deals Make Headlines, you'll also gain access to exclusive premium content.

Already registered? here.