Anbang Insurance Group’s unsolicited $12.8 billion bid for Starwood Hotels & Resorts reflects the perception that luxury lodging demand will remain high in the foreseeable future and may force Marriott International to increase or alter its bid for Starwood, analysts say. Starwood on Monday said it received the Anbang offer March 10 and received a waiver from Marriott to start discussions with the group the following day. That waiver expires at midnight on Thursday.

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