NEW YORK (TheStreet) -- Marriott  (MAR - Get Report) stock is tumbling by 5.87% to $67 on heavy trading volume this morning, after Chinese insurer Anbang abandoned its $14 billion takeover bid for Starwood Hotels & Resorts Worldwide (HOT), consequently ending a three-week bidding war between Marriott and itself. 

Starwood now plans to revert to Marriott's most recent acquisition offer, which valued Starwood at $79.53 a share, or $13.6 billion, according to the Wall Street Journal.

Before the bidding competition began, Marriott and Starwood agreed in November to a merger worth $12.2 billion at the time.

"The Chinese made them overpay, wow," TheStreet's Jim Cramer, portfolio manager of the Action Alerts PLUS trust said on CNBC's "Squawk on the Street" this morning. "What a card game," he noted, adding to never bid with a company named Anbang. 

Marriott announced last week that it can likely achieve $250 million in annual cost synergies within two years after the deal closes, up from $200 million estimated when the companies first agreed to merge in November, Reuters reports. 

Starwood and Marriott shareholders will separately vote on the deal on April 8.

Separately, TheStreet Ratings team rates the stock as a "buy" with a ratings score of B-.

Marriott's strengths such as its growth in earnings per share, revenue growth, good cash flow from operations and increase in net income 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

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 article's author.