Starwood Prices Senior Notes Offering

Starwood Prices Senior Notes Offering

STAMFORD, Conn. - September 8, 2014 - (BUSINESS WIRE) - Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) today announced that it has priced an offering of $350 million principal amount of 3.750% senior notes due 2025 and $300 million principal amount of 4.500% senior notes due 2034 through an underwritten public offering. The closing of the offering is expected to occur on September 15, 2014 and is subject to customary closing conditions.

Starwood intends to use the net proceeds from the offering for general corporate purposes, which may include the repayment of commercial paper, repurchases of its common stock, or the payment of previously announced special dividends to stockholders.

The joint book-running managers for the offering are Citigroup and J.P. Morgan.

Starwood is making the offering under an effective shelf registration statement. The offering is being made solely by means of a prospectus supplement and related base prospectus. Interested parties may obtain a copy of the prospectus supplement and related base prospectus for the offering from J.P. Morgan Securities LLC, 383 Madison Ave., New York, NY 10179, or by calling 1-212-834-4533 or Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by calling 1-800-831-9146. You may also get these documents for free by visiting the Securities and Exchange Commission's website at www.sec.gov.

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 or jurisdiction 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 nearly 1,200 properties in 100 countries, and 181,400 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 (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.

Forward Looking Statements

This press release contains forward-looking statements within the meaning of federal securities regulations, including statements relating to the terms of the proposed offering, the expected use of proceeds from the offering and Starwood's ability to implement its strategic and business initiatives. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties and other factors that may cause actual results to differ materially from those anticipated at the time the forward-looking statements are made. These risks and uncertainties are presented in detail in Starwood's filings with the Securities and Exchange Commission, including Starwood's Annual Report on Form 10-K for the year ended December 31, 2013. Although Starwood believes the expectations reflected in forward-looking statements are based upon reasonable assumptions, Starwood can give no assurance that its expectations will be attained or that results will not materially differ. Starwood undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

SOURCE: Starwood Hotels & Resorts Worldwide, Inc.

Contact:

Stephen Pettibone
Starwood Hotels & Resorts Worldwide, Inc.
Investor Relations
203-351-3500

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