Some hefty changes are in the works for Starwood Hotels. Marriott beat out China's Anbang Insurance in purchasing Starwood Hotels for 14.4 billion dollars. According to the L.A. Times, "The buyout, which may still be contested by China's Anbang, would create the world's biggest hotel company and give Marriott a stable of tony properties run by Starwood, like the St. Regis New York". In addition to this massive merger, Starwood is about to become the first American hotel chain to operate properties in Cuba. This development comes on the eve of President Obama's travels to Cuba. Talk about a busy week!