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FORT WORTH, Texas / WHITE PLAINS, N.Y. (July 11, 2008) – Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) announces the opening of its first property in Fort Worth, Texas. Sheraton Fort Worth Hotel and Spa opened June 26, 2008, following the completion of an elaborate $46 million transformation of the former Ramada property. Owned by Presidio Companies and managed by PHG Texas Management Corp, the 430-room Sheraton offers guests a warm, welcoming atmosphere and an ideal downtown location. “With our multi-million dollar hotel transformation, the Sheraton Fort Worth Hotel and Spa will truly establish itself as one of the leading hotel choices in Fort Worth and the metroplex,” said Guneet Bajwa, executive vice president, Presidio Companies. Ideally positioned at the southern edge of Fort Worth’s vibrant downtown business district, Sheraton Fort Worth Hotel and Spa is less than a block from the expanded, state-of-the-art 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 “Sheraton Fort Worth Hotel and Spa offers travelers a welcoming, energetic setting in the heart of one of the most vibrant cities in Texas,” said Hoyt Harper, Hoyt Harper, Senior Vice President, Sheraton Hotels. “Sheraton caters to the needs of the ‘road warrior,’ providing spacious accommodations, updated technology and signature amenities – all designed to put guests at ease from the moment they walk in the door.” The hotel’s sophistication and warmth is reflected in the fine interior finishes and lighting, contemporary artwork, and dark wood furniture. Warmly furnished guest rooms include the Sheraton brand’s extraordinarily comfortable signature Sweet Sleeper SM bed, featuring an exclusive plush-top mattress with down pillows, fine linens and custom duvet. Additional amenities include 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 are served. The hotel’s dynamic lobby, guests are invited to relax with fellow travelers, network with colleagues or grab a snack. Guests can stay connected at the Link@Sheraton, the signature communications hub where guests can email, research local attractions and even print boarding passes. Sheraton Fort Worth Hotel and Spa offers the ideal location for business meetings, social gatherings and community events with 22,000 square feet of flexible meeting and exhibit space, and a professional catering and audio/visual staff. The 100% smoke-free hotel also features a Perks coffee bar and the first Shula’s 347 Grill in Texas. Spa BEAUBELLE, the hotel’s 8,000 square foot full-service stylish spa and fitness center, includes a yoga room, Pilates studio and six treatment rooms. In addition to 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. About
Presidio Companies About
Starwood (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.) # # # |