Speaking on a conference call broadcast from the New York Marriott Marquis on Friday, Mangus complimented Anbang for its efforts, saying that the company’s offer was “very credible” and that Anbang ”moved mountains” in trying to acquire Starwood. Anbang’s group, which included J.C. Flowers & Co. and Primavera Capital Ltd., made an offer of $82.75 per Starwood share before withdrawing it, citing “market considerations.” “We worked in good faith to drive as much value for this transaction as we could, and were disappointed when we couldn’t take that final step,” Mangas said. Get the full story at Travel Weekly Read also "Marriott CEO: Most Important Thing for Us Is the Loyalty Program" at Skift, and "Why did Anbang leave, and what's ahead for M&A" at Business Travel News