STARWOOD BRINGS SHERATON TO DOWNTOWN FORT WORTH
Sheraton Will Offer a Warm, Inviting Ambience to Visitors
in this Thriving Center of Culture and Commerce
FORT WORTH, Texas
/ WHITE PLAINS, N.Y. (May 29, 2007) – Presidio Hotel
Group, LLC and Starwood Hotels & Resorts Worldwide, Inc.® (NYSE:HOT)
have announced they will open their first Fort Worth property in late 2007.
The Sheraton Fort Worth Hotel and Spa will make visitors feel they truly
belong, helping them make connections while traveling. A formal construction
kick-off is scheduled for June.
Following an elaborate $46 million transformation of the property that formerly
housed the Fort Worth Plaza Hotel, the Sheraton Fort Worth Hotel and Spa
will include 430 guest rooms, 22,000 square feet of meeting and exhibit space
and a business center with wireless connectivity. Additional amenities will
include on-site catering, two restaurants, and an 8,000 square foot full-service
luxury spa and athletic center featuring a yoga room, Pilates studio and
five treatment rooms.
“We are very excited to be developing the first Starwood property in Fort
Worth,” said Guneet Bajwa, executive vice president, Presidio Hotel Group. “With
its rich western heritage and flourishing cultural scene, Fort Worth has stamped
itself as an important tourist and business destination.”
Convenient to Dallas/Fort Worth International Airport, Dallas Love Field and
other regional airports, the Sheraton Fort Worth Hotel and Spa is located at
the southern end of the city’s vibrant downtown business district and
adjacent to the recently expanded Fort Worth Convention Center and beautiful
Water Gardens. Guests will be within walking distance of cultural landmarks
such as the Nancy Lee and Perry R. Bass Performance Hall and Sundance Square,
a lively entertainment and shopping district with a wide-ranging variety of
restaurants. It is also close to other popular retail, cultural and entertainment
districts.
In addition to its newest and first Fort Worth property, the Sheraton Fort
Worth Hotel and Spa, Starwood currently operates 20 hotels in Texas, including
eight Sheraton brand properties in Austin, Dallas, Houston, Irving, San Antonio,
and South Padre Island. Presidio currently owns one hotel in Texas and three
in California.
Kristen Alderson, a hospitality industry executive with 22 years’ experience,
has been named general manager of the Sheraton Fort Worth Hotel and Spa, leading
the executive team and directing the reconstruction and management of the hotel.
Under Alderson’s guidance, architects, engineers, and designers will
transform the 430 guest rooms to reflect Fort Worth’s sophistication
and warmth with fine interior finishes and lighting, contemporary artwork,
and dark wood furniture. Warmly furnished guest rooms will include the extraordinarily
comfortable Sweet Sleeper sm Bed, featuring Sheraton’s exclusive plush-top
mattress with down pillows, fine linens and custom duvet.
Additional amenities include a 32” flat panel HD televisions and high-speed
wireless Internet access. Club Level accommodations provide further refinements,
with private access to the Club Level Lounge where complimentary morning breakfast
and evening hors d’oeuvres and cocktails will be served.
Alderson has previously served in executive positions for RockResorts,
Unique Hotels & Resorts’ 11 hotels and resorts based in Scottsdale,
Ariz.; Unique Hotels & Resorts, six hotels and resorts, New York; Bel
Air Hotel Company’s Historic Mission Inn and L’Auberge Del
Mar Resort & Spa; Hotel Nikko at Beverly Hills, Dana Point Resort & Spa;
and Alexis Park Resort & Spa, Las Vegas. Alderson was also contracted
as a training consultant at Hotel Bel-Air to help the property regain the
Mobile Five Star Award, which was achieved in the next qualifying year.
About Presidio Hotel Group, LLC
Presidio Hotel Group, LLC, specializes in hospitality management and development.
Based in Fairfield, Calif., this company locates special opportunities for
developments or acquisitions of new or existing hotel properties. Presidio
is developing or acquiring a number of hotel locations for properties located
in the United States. Presidio’s current hospitality and commercial
portfolio is valued in excess of $200 million. The company’s headquarters
are located at 1300 Oliver Road, Suite 270, Fairfield, CA 94533; phone: 707-429-6000;
Fax: 707-423-4130. Additional information is available at www.presidiohotelgroup.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 approximately 850 properties
in more than 95 countries and 145,000 employees at its owned and managed
properties. Starwood® Hotels is a fully integrated owner, operator and
franchisor of hotels and resorts with the following internationally renowned
brands: St. Regis®, The Luxury Collection®, Sheraton®, Westin®,
Four Points® by Sheraton, W®, Le Méridien® and the recently
announced AloftSM and ElementSM Hotels. 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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