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Blackstone, Starwood Capital team up in $6B purchase of hotel-operator Extended Stay

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Marriott picks veteran Capuano to steer it out of COVID-19 crisis

By Reuters Staff 2 Min Read FILE PHOTO: A Marriott flag hangs at the entrance of the New York Marriott Downtown hotel in Manhattan, New York November 16, 2015. REUTERS/Andrew Kelly (Reuters) - Marriott International Inc on Tuesday named Tony Capuano as its chief executive officer, tasking the 25-year veteran of the world’s largest hotel chain with charting a path out of the industry’s worst crisis. Capuano succeeds Arne Sorenson, who died last week after a battle with pancreatic cancer and during whose tenure Marriott struck a $12.2 billion deal to buy Starwood Hotels & Resorts Worldwide Inc. Capuano, who most recently headed the company’s U.S. and Canada lodging business, takes the reins at a time when the COVID-19 pandemic has decimated travel demand, pushing Marriott to its first full-year loss in more than a decade.

Walmart, Goldman Sachs, Amazon com: Stocks That Defined the Week

Walmart, Goldman Sachs, Amazon com: Stocks That Defined the Week
morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.

Arne Sorenson, third CEO in Marriott International history, dies at 62

Arne Sorenson, third CEO in Marriott International history, dies at 62
bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.

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