Breaking News: Starwood Hotels and Resorts Acquires Le Meridien

Starwood just announced that it acquired the Le Meridien brand of 130 hotels and resorts for $225 million. For the 24 million Starwood Preferred Guest (SPG) customers, this means more choice in markets like Paris, Nice, Dubai and London. Additionally, Starwood will gain properties where it doesn't have them currently, in spots like Monte Carlo, Barcelona, Budapest, the Seychelles and Mauritius.