NEW YORK (TheStreet) -- Shares of Marriott Int'l (MAR) - Get Report were lower in pre-market trade on Friday despite the hotel company completing its $13 billion acquisition of Starwood Hotel & Resorts (HOT) this morning.
The newly merged company operates and franchises over 30 brands, 5,700 properties and 1.1 million rooms.
Marriott brands such as the Ritz Carlton, Courtyard and Residence Inn will now combine with Starwood's W Hotels, Westin and Sheraton names.
The deal also doubles Bethesda, MD-based Marriott's distribution in Asia, the Middle East and Africa.
Marriott will incur a one-time transaction cost of approximately $140 million, but estimates it will realize about $250 million in annual corporate cost synergies following the deal.
The company will begin the process of linking the two companies' guest loyalty programs, comprising 85 million members in total.
Shares of Starwood ceased trading this morning on the New York Stock Exchange.
Separately, TheStreet Ratings objectively rated Marriott stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
TheStreet Ratings rated this stock as a "buy" with a ratings score of B-.
The company's strengths can be seen in multiple areas, such as its growth in earnings per share, revenue growth and increase in net income. We feel its strengths outweigh the fact that the company shows weak operating cash flow.
You can view the full analysis from the report here: MAR