FILE - This July 25, 2011, file photo, shows the Sheraton Fort Lauderdale Beach Hotel, a member of the Starwood Hotels and Resorts group, in Fort Lauderdale, Fla. A fight for control of the Starwood hotel chain is under way after a buyout offer from a consortium led by Chinaís Anbang Insurance Group. Starwood Hotels & Resorts Worldwide Inc. said Monday, March 14, 2016, that it still favors the bid from Marriott, but that itís looking at the latest bid. (AP Photo/Wilfredo Lee, File)
FILE - This July 25, 2011, file photo, shows the Sheraton Fort Lauderdale Beach Hotel, a member of the Starwood Hotels and Resorts group, in Fort Lauderdale, Fla. A fight for control of the Starwood hotel chain is under way after a buyout offer from a consortium led by Chinaís Anbang Insurance Group. Starwood Hotels & Resorts Worldwide Inc. said Monday, March 14, 2016, that it still favors the bid from Marriott, but that itís looking at the latest bid. (AP Photo/Wilfredo Lee, File) Wilfredo Lee AP
FILE - This July 25, 2011, file photo, shows the Sheraton Fort Lauderdale Beach Hotel, a member of the Starwood Hotels and Resorts group, in Fort Lauderdale, Fla. A fight for control of the Starwood hotel chain is under way after a buyout offer from a consortium led by Chinaís Anbang Insurance Group. Starwood Hotels & Resorts Worldwide Inc. said Monday, March 14, 2016, that it still favors the bid from Marriott, but that itís looking at the latest bid. (AP Photo/Wilfredo Lee, File) Wilfredo Lee AP

Starwood receives competing offer, shaking up $12.2 billion Marriott takeover

March 14, 2016 5:19 PM

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