Hyatt in talks to buy Starwood Hotels

Hyatt Hotels is in talks to buy Starwood Hotels & Resorts in a deal that is said to be as little as a week away, sources told CNBC.

Under the cash and stock agreement, Hyatt management would retail control of the combined companies. Talks between the two companies have been going on for weeks. Hyatt management would take control of the combined company if the deal comes to fruition.

Grand Hyatt New York