Anbang Abruptly Pulls Starwood Offer

Anbang withdrew its $14 billion offer for Starwood due to market considerations, leaving Marriott as the sole bidder. Starwood confirmed its commitment to Marriott, which increased its offer to $13.3 billion. Anbang's offer was nonbinding, lacking financing, and never made binding. Starwood shareholders are set to vote on Marriott's revised offer, which includes $21 in cash and 0.8 shares of Marriott stock per Starwood share.

What was the response of Starwood to the Anbang offer?

What implications would the successful acquisition have for Marriott?