Sheraton owner Starwood agrees to be bought by China's Anbang

``Starwood Hotels & Resorts Inc, the operator of Sheraton and Westin hotels, said on Friday it had accepted a raised buyout offer from a group led by China's Anbang Insurance and would scrap its deal with Marriott International Inc... It would be the biggest Chinese investment in U.S. real estate assets. Anbang's new offer raises the value of Starwood to $13.16 billion from $12.82 billion, based on shares outstanding as of Feb. 19. Marriott had offered $12.2 billion for Starwood.''