Marriott CEO 'Surprised' Company Won Starwood Bidding War

The transcript discusses a major acquisition by a company, detailing the competitive bidding process against a Chinese company and Anbang. Initially deemed too expensive, the acquisition became feasible over time. Leadership's thoughtful decision-making process is highlighted, focusing on both financial and human aspects.

What was the initial perception of the acquisition cost, and how did it change over time?

What strategic considerations were discussed before making the acquisition?