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China's Anbang Ups Offer for US Hotel Company

China's Anbang Insurance Group renewed its fight Monday for control of a large U.S. hotel company, increasing its offer for Starwood Hotels & Resorts. Anbang, engaging Marriott International, the biggest U.S. hotel company, in a bidding war, offered $14 billion for Starwood, which controls 1,300 properties in 100 countries. Starwood, which operates the St. Regis, Westin and Sheraton hotel brands among others, said the Anbang offer was "reasonably likely" a...

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