Starwood Plans to Accept Anbang's $13B Bid

The transcript discusses a consortium's increased bid for Starwood, raising it to $78 per share, making the deal worth $13.2 billion. Marriott is considering a counter offer, as the merger would create the largest hotel company globally. The news lifted hotel stocks, with the Bloomberg index rising 1.2%. Additionally, Starwood has signed agreements to operate hotels in Cuba, marking a significant move as President Obama visits the country.

What authorization did the company claim to have from the US Treasury Department?

Which hotels in Cuba has the company signed agreements to manage?