Starwood Hotels & Resorts

Starwood is taking a revised buyout bid from Marriott, three days after the hotel called off their deal in favor of an offer for the Connecticut-based hotel chain from a group of investors led by Chinese insurance company Anbang.

Craig LeMoult

Connecticut Governor Dannel Malloy says Stamford-based Starwood Hotels & Resorts will receive a state loan of up to 5 million dollars and up to 20 million dollars in tax credits. In exchange, the company will add jobs in Connecticut.