Marriott and SPG: Official Update
Well, it’s official.
As of Friday night, it was officially announced both through an email from Marriott International directly and social media outlets that the merger between Marriott International and SPG Hotels & Resorts has been approved by both parties’ shareholders and boards.
So, what does this mean for you?
As of now, no official announcements have been made with any updates or changes.
In the email that Marriott sent, they assured that they realize that SPG has a leading loyalty program and that they want to make sure everyone realizes that they intend to uphold the integrity of SPGs loyalty program.
They also hinted that they hope to take the best of what SPG offers and hopefully implement it into the Marriott loyalty program as well.
Check the official letter here from Arne Sorenson, President & CEO of Marriott, explaining the updates to the merger.
Also, this article from USA Today breaks down what the dividend yield will be for shareholders of SPG Hotels & Resorts and what was approved during the recent shareholder meeting.
More to come, but in the meantime, make sure to sign up for our latest updates on Travel Rebel and get a free travel guide.