Hyatt in advanced talks to buy Starwood; deal could be announced within a week - CNBC's Faber
- Deal could involve cash and stock
- HOT had held talks with a number of possible partners, the most recent of which before the Hyatt talks was with Intercontinental Group
- Notes that Hyatt's market cap ($1.7B) is significantly smaller than Starwood's ($12.7B)
**NOTE: yesterday HOT and other hotels traded higher on a report that three large Chinese firms eyeing Starwood have requested approval from China govt to make bids - press
- 04/29: HOT: To Explore Strategic and Financial Alternatives