Sheraton Vancouver Airport Set to Debut for the 2010 Winter Olympic Games

As the Largest, Full-Service Hotel in the Vancouver Airport Area, Sheraton Vancouver Airport will Feature an Interactive Lobby Space, Stylish Guest Rooms, and Ample Meeting Facilities

November 19, 2008 // Franchising.com // White Plains, NY, -- Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) today announced plans to open Sheraton Vancouver Airport in Richmond, British Columbia prior to the start of the 2010 Winter Olympic Games. Owned by Richmond Inn Investments, Ltd. and managed by Larco Hospitality Management Inc., the 389-room hotel is set to debut as a Sheraton on or before January 1, 2010, following an extensive upgrade and refurbishment project. The addition of Sheraton Vancouver Airport is part of the most aggressive growth plan in the Sheraton brand's history, with plans to open one hotel every three weeks.

Just minutes from the Vancouver International Airport, Sheraton Vancouver Airport will be one of the largest full-service hotels with the largest meeting space in Richmond, B.C. and the Vancouver Airport market. The hotel will be one mile from Richmond Oval, which will host the long track speed skating for the 2010 Winter Olympic Games. Other nearby attractions include the shops, eateries and cinemas at Richmond Centre, Richmond Public Market, Dyke Trails and Fisherman's Wharf. The hotel will also offer easy access to downtown Vancouver, as well as a 24-hour, complimentary shuttle to and from Vancouver International Airport. Downtown Vancouver is 20 minutes by car or elevated rapid transit located one block from the hotel.

"The Sheraton Vancouver Airport will be a welcome addition to Starwood Hotels & Resorts' Canadian portfolio," said Hoyt Harper, Senior Vice President, Sheraton Hotels & Resorts. "With all eyes on Vancouver for the 2010 Winter Games, it's an ideal time to debut this dynamic Sheraton property to world travelers, underscoring the brand's remarkable global growth and revitalization."

As part of its renovation, Sheraton Vancouver Airport is revitalizing its lobby, designing it as a dynamic, interactive destination for guests. The heart of the new lobby will be the Link@Sheraton experienced with Microsoft®, the brand's signature communications hub where guests can enjoy free Wi-Fi, desktop computers, television viewing, newspapers, magazines and café offerings including Starbucks®. The property's all-day restaurant – Harold's – will also be re-conceptualized as part of the hotel's comprehensive renovation. This new casual restaurant and lounge will offer contemporary cuisine in a fun and comfortable environment.

Showcasing the most recent Sheraton guest room and lobby designs, Sheraton Vancouver Airport will undergo comprehensive renovations to all guest rooms, corridors and public spaces. Guest rooms will include 37" LCD flat panel televisions, oversized work desks, comfortable seating and Sheraton's new Sweet SleeperTM bed, featuring a nine-layer, custom-designed ensemble by sleep experts at Sealy®. The new bedding design elements will include an all-white linen ensemble, pillows, duvet, sheets and bed skirt.

Sheraton Club Level accommodations and an exclusive Club Lounge will be added to the property, providing deluxe accommodations for business and leisure guests, as well as additional services and amenities. All Club Level rooms and suites will include 42" LCD flat panel televisions. Complimentary continental breakfast and evening hors d'oeuvres will be served daily in the Club Lounge.

Sheraton Vancouver Airport offers 25,000 square feet of meeting space, which includes 21 meeting and event rooms. The hotel has undergone and will continue with renovations to its meeting space. Once open, the hotel will offer a variety of flexible meeting and conference packages, as well as smart technology and innovative meeting services. The hotel will also feature a new, state-of-the-art fitness centre developed in partnership with Core Performance®, an organization that trains elite athletes and Olympians and is dedicated to providing breakthrough solutions to help individuals achieve their maximum performance.

About Starwood Hotels & Resorts Worldwide, Inc.

Starwood Hotels & Resorts Worldwide, Inc. is one of the leading hotel and leisure companies in the world with approximately 900 properties in more than 100 countries and 155,000 employees at its owned and managed properties. Starwood Hotels is a fully integrated owner, operator and franchisor of hotels, resorts and residences with the following internationally renowned brands: St. Regis®, The Luxury Collection®, W®, Westin®, Le Méridien®, Sheraton®, Four Points® by Sheraton, and the recently launched aloftSM, and element SM. Starwood Hotels also owns Starwood Vacation Ownership, Inc., one of the premier developers and operators of high quality vacation interval ownership resorts. For more information, please visit www.starwoodhotels.com.

(Note: This press release contains forward-looking statements within the meaning of federal securities regulations. Forward-looking statements are not guarantees of future performance or events and involve risks and uncertainties and other factors that may cause actual results or events to differ materially from those anticipated at the time the forward-looking statements are made. These risks and uncertainties are presented in detail in our filings with the Securities and Exchange Commission. Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be attained or that results and events will not materially differ. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.)

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