NEW YORK (TheStreet) -- Marriott Int'l  (MAR - Get Report) stock is up 0.23% to $73.32 in pre-market trading on Monday after the company raised its offer to buy Starwood Hotels & Resorts Worldwide (HOT).

Under the terms of the revised merger agreement, the hotel company will acquire Starwood for $79.53 per share, or $13.6 billion, the companies said in a statement.  Marriott's previous offer was valued at $12.2 billion. 

Starwood's board determined that Marriott's offer is a "superior proposal" compared to last week's takeover offer by a consortium including Anbang Insurance Group. The consortium offered to acquire Starwood for $78 per share.

"We are even more excited about the power of the combined companies and the upside growth opportunities," Marriott CEO Arne Sorenson said in a statement. "We are also more confident of achieving our updated target of $250 million of cost synergies. With a higher cash component in the purchase price, we have improved the transaction's financial structure as well."

Starwood stock is rising 5.24% to $84.80 in pre-market trading on Monday.

Separately, recently, TheStreet Ratings objectively rated this 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 rates 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, good cash flow from operations and increase in net income. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself.

You can view the full analysis from the report here: MAR