Starwood to Offer Senior Notes

Starwood to Offer Senior Notes

April 30, 2009 // Franchising.com // White Plains, NY –– Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) announced today that it intends to offer, subject to market and other conditions, five-year senior notes through an underwritten public offering.

Starwood expects to use the net proceeds from the proposed offering to reduce outstanding borrowings under its revolving credit facility. Any remaining proceeds will be used for general corporate purposes.

Banc of America Securities LLC and J.P. Morgan Securities Inc. are acting as joint bookrunning managers for this offering. Interested parties may obtain a written prospectus relating to the senior notes offering from Banc of America Securities LLC, Attn: Prospectus Department, One Bryant Park, New York, New York, 10036, tel. (800) 294-1322, email dg.prospectus_distribution@bofasecurities.com or J.P. Morgan Securities Inc., 270 Park Avenue, New York, New York 10017, Attn: High Grade Syndicate Desk, 8th Floor, tel. (212) 834-4533.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful.

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 960 properties in more than 97 countries and 145,000 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 ElementSM. 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 starwoodhotels.com.

Forward Looking Statements

This communication contains forward-looking statements relating to the terms and timing of the proposed offering, the expected use of proceeds from the offering and Starwood's ability to implement its strategic and business initiatives. These forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and are subject to risks, uncertainties, assumptions and other factors that are difficult to predict and that could cause actual results to vary materially from those expressed in or indicated by them. Additional risks and factors are identified in Starwood's filings with the SEC, including its annual report on Form 10-K for the fiscal year ended December 31, 2008, which is available on the SEC's website at http://www.sec.gov. Starwood undertakes no obligation to revise or update any forward-looking statement, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.

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