Sheraton Memphis Downtown Hotel Hosts "Sweet" Grand Opening Celebration

Memphis' Newest Starwood-Branded Hotel Gives Away Sheraton Sweet Sleeper to Commemorate Event

MEMPHIS, Tenn. - September 20, 2013 - (BUSINESS WIRE) -The Sheraton Memphis Downtown in Tenn., today hosted a unique grand opening ceremony to commemorate their conversion to the Sheraton brand. During the event, one lucky attendee was selected to win a Sheraton Sweet Sleeper bed. The Honorable A.C. Wharton, mayor of Memphis; Ernest Strickland, director of economic development – Greater Memphis, Chamber of Commerce; Charles Satkewich, vice president of asset management for Host Hotels & Resorts, Inc.; Hoyt Harper, global brand leader, Sheraton Hotels & Resorts; and John Belden, president & CEO of Davidson Hotels & Resorts, attended the event. Owned by Host Hotels & Resorts, the hotel is operated by Davidson Hotels & Resorts.

“As Memphis’ newest, Sheraton-branded hotel, we are well positioned to meet the demanding needs of today’s business and leisure travelers,” said Matt Huss, general manager. “To commemorate this special day in the hotel’s history, we wanted to share with our guests the best example of what it means to stay at our hotel—the beauty of a perfect night’s sleep. What better way to do that than to give away one of our Sheraton Sweet Sleeper beds?”

Located at 250 North Main Street and connected to the 300,000 square foot Memphis-Cook Convention Center, the 19-story hotel is situated in the heart of downtown Memphis, just minutes from the world famous Beale Street entertainment district, considered by many to be the birthplace of the Blues. The hotel also is convenient to Memphis International Airport (12 miles) and within walking distance of such local attractions as the FedEx Forum, AutoZone Park, Main Street Trolley, the Orpheum Theater, Mud Island and the Mississippi Riverfront.

The Sheraton Memphis Downtown Hotel guest rooms are equipped with the all-white Sheraton Sweet Sleeper® beds, designed to meet AAA’s Five Diamond Award®* criteria, as well as oversized work desks, ergonomic chairs, high-speed Internet access and LCD flat panel televisions. Additional amenities include 14,000 square feet of flexible meeting space with state-of-the-art meeting technology, a full-service restaurant and lounge, indoor pool with outside balcony, and Sheraton Club Lounge.

* AAA Five Diamond Award is a registered trademark of American Automobile Association, Inc.

About Host Hotels & Resorts

Host Hotels & Resorts, Inc. is an S&P 500 and Fortune 500 company and is the largest lodging real estate investment trust and one of the largest owners of luxury and upper-upscale hotels. The Company currently owns 103 properties in the United States and 15 properties internationally totaling approximately 62,700 rooms. The Company also holds non-controlling interests in a joint venture in Europe that owns 20 hotels with approximately 6,500 rooms and a joint venture in Asia that owns one hotel with approximately 300 rooms in Australia and a minority interest in two hotels in India. Guided by a disciplined approach to capital allocation and aggressive asset management, the Company partners with premium brands in the operation of properties in over 50 major markets worldwide. For additional information, please visit the Company's website at www.hosthotels.com.

About Starwood Hotels & Resorts Worldwide, Inc.

Starwood Hotels & Resorts Worldwide, Inc. is one of the leading hotel and leisure companies in the world with 1,162 properties in nearly 100 countries and 171,000 employees at its owned and managed properties. Starwood 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, Aloft®, and Element®. The Company boasts one of the industry’s leading loyalty programs, Starwood Preferred Guest(R) (SPG), allowing members to earn and redeem points for room stays, room upgrades and flights, with no blackout dates. Starwood also owns Starwood Vacation Ownership, Inc., a premier provider of world-class vacation experiences through villa-style resorts and privileged access to Starwood brands. For more information, please visit www.starwoodhotels.com.

About Davidson

Davidson Hotels & Resorts is an award-winning, full-service hotel management company that provides management, development/renovation, acquisition, consulting and accounting expertise for the hospitality industry. The company has amassed one of the purest full-service hotel portfolios in the industry, ranging from the upper-upscale to near-luxury segments; encompassing 47 independent and branded hotels with more than 14,000 rooms across the United States, including brands such as Sheraton, Westin, Marriott, Renaissance, Hyatt, Hyatt Regency, Hilton, DoubleTree by Hilton, Embassy Suites, Hilton Garden Inn, Courtyard by Marriott, and Radisson. Additional information on Davidson may be found at the company’s Web site, www.davidsonhotels.com.

Contacts:

Davidson Hotels & Resorts
Cyndi Norwood
678-349-0909
cnorwood@davidsonhotels.com

Daly Gray Public Relations
Chris Daly
703-435-6293
chris@dalygray.com

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