Starwood Prices 0 Million Debt Offering

Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) announced recently that it has priced an underwritten public offering of $250 million of 7.150% Senior Notes due 2019. The notes were offered to the public at a price of 97.559% of principal a

09.11.09

Starwood expects to use the net proceeds from the proposed offering to purchase up to $200 million aggregate principal amount of its outstanding 7¨þ% Senior Notes due 2012 and up to $100 million aggregate principal amount of its outstanding 6¨ù% Senior Notes due 2013 pursuant to a cash tender offer also announced by Starwood today. If the tender offer is not completed, or there are any remaining net proceeds that are not so applied, then the remaining proceeds from the offering will be used for general corporate purposes.

Citigroup Global Markets Inc., Banc of America Securities LLC, Calyon Securities (USA) Inc., RBS Securities Inc. and Scotia Capital (USA) Inc. are acting as joint bookrunning managers for this offering, which is expected to close on November 20, 2009. Interested parties may obtain a written prospectus relating to the senior notes offering from Citigroup Global Markets Inc. at Attn: Prospectus Department, Brooklyn Army Terminal, 140 58th Street, 8th Floor, Brooklyn, NY 11220, telephone: (800) 831-9146.

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.¢ç

Starwood Hotels & Resorts Worldwide, Inc. is one of the leading hotel and leisure companies in the world with 982 properties in 100 countries and approximately 145,000 employees at its owned and managed properties. Starwood¢ç Hotels is a fully integrated owner, operator and franchisor of hotels and resorts with the following internationally renowned brands: St. Regis¢ç, The Luxury Collection¢ç, Sheraton¢ç, Westin¢ç, Four Points¢ç by Sheraton, W¢ç, Le Méridien¢ç, and the recently announced 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



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