Sheraton Orlando North Raises Flag Following Multi-Million Dollar Renovation; Hotel Opens Its Doors in the Heart of Bustling Maitland Center

"We're delighted to welcome guests to North Orlando's premier upscale conference and lodging facility," said Peter Valenzuela, general manager. "This flag raising marks the completion of a spectacular, year-long renovation. Guests here will find everything they need now, from richly appointed guest rooms and cool pool with water features to majestic ballroom and world-class catering and event planning services."

The new Sheraton Orlando North is owned in partnership with Philadelphia-based AMC Delancey Group, Inc., and Paramount Hotel Group, LLC, based in Fairfield, N.J. Paramount will also operate the property. To date, the hotel has created more than 200 hospitality jobs. Offering nightly rates of $109 - $229, the property will be a welcome addition to the five million-square-foot Maitland Corporate Center as well as to the community.

"We are thrilled to add this outstanding property to our Sheraton portfolio," said Chad Waetzig, senior vice president, marketing for Sheraton Hotels & Resorts. "With its upscale style and finishes that speak so well to the Sheraton brand, this hotel exudes comfort. Add to that its prime location, and this property does an exceptional job of fulfilling the needs of business and leisure travelers alike."

Warm Welcome

The new Sheraton Orlando North incorporates the original six-story structure that was gutted to re-establish itself as a new building with interiors by the award-winning Tischler Haus Design Group. The refurbished rotunda lobby offers a warm and elegant ambiance with plush seating, bright persimmon walls and marble floors with patterned carpet inlay.

The newly designed guest rooms and suites continue the warm welcome with soothing tones of creamy beige, chocolate brown and persimmon. Offering the comforts of home and more, each 350-square-foot room has contemporary, dark mahogany and walnut furnishings and sleek, brushed stainless steel accents.

In every guestroom guests will find a comfortable sitting area with soft wingback chair, oversized desk and ergonomically designed chair. Aiming to assure a good night's sleep, each room features the signature, nine-layered, custom-designed Sheraton Sweet Sleeper (sm) Bed with an 11.5-inch-thick, high-coil-count, plush-top mattress; down and allergy-sensitive pillows, and crisp, luxurious bedding. High-tech amenities abound, including: free high-speed Internet access; data ports, and wall-mounted, flat-panel LCD television.

Premier Meeting Facility

The new Sheraton Orlando North has 15,000 square feet of versatile meeting space, accommodating groups of up to 900 people. Guests choose from 16 rooms designed for events from strategic meetings to parties, reunions and weddings. The space includes meeting rooms, conference rooms, executive boardrooms, 50-seat tiered classroom with theater-style lighting and grand ballroom. Each room is equipped for high-speed Internet access, video conferencing as well as audio-visual and multimedia presentations.

At 7,500 square feet, the majestic ballroom sets the stage for memorable events with soaring, 15-foot ceilings; towering palms and rich mahogany furnishings. For smaller events, the space divides into four rooms, ranging in size from 700 - 7,500 square feet. Outdoor functions present an alternative option for events on the hotel's manicured lawn surrounded by lush tropical gardens.

Assisting every step of the way is the certified meeting concierge. The Sheraton Orlando North's Grande Planning package includes: comprehensive support from the on-site audio-visual department, gourmet catering, 24-hour call service for planners, and assistance in developing creative themes to transform reception spaces into memorable destinations.

For weddings and celebrations, the grand ballroom accommodates up to 500 guests. The on-staff wedding planner assists to create unforgettable events with the comprehensive Grande Wedding & Event Planning Services, covering everything from rehearsal dinner through reception.

Grande Service & Amenities

The Sheraton Orlando North's atrium next to the lobby serves as a gathering place for event attendees, hotel guests and the local community. Here, the ceiling rises to the sixth floor, above the cafe and lounge. Water cascades down the granite fountain. Columns topped by eight-foot custom light fixtures shine like stars at night onto the surrounding glass walls and ceiling.

In the 150-seat Grande Cafe, guests enjoy breakfast, lunch and dinner in a casual atmosphere, with settees draped in soft luxurious fabric, high-back chairs and rich mahogany back wall. Breakfast pastries and grab-and-go lunch fare also are available at the on-site Starbucks(R) Coffee Store. Across from the Grande Cafe in the stylish Celestial Lounge, guests relax and mingle in oversized armchairs and at the custom-designed bar with artistic glass-wall back-bar.

Other amenities include a state-of-the-art business center, Concierge Floor with private lounge, and 900-square-foot high-tech game room. Additionally, the 1,500 square-foot fitness center is opened round-the-clock, offering hammer-strength cardio equipment with built-in LCD televisions. Outside, the heated pool features fountains, whirlpool and water curtain.

Assisting seven days weekly is the Grande Service Desk for reservations and tickets at area restaurants, theme parks, golf courses, and sporting and cultural events. Among the hotel's other services: 24-hour room service; rapid, personalized lobby check-in and check-out as well as in-room check-out; poolside room service; full-service catering; on-site car rental office, and baggage check at the hotel for guests heading to the Orlando airport. For more information, call 407-660-9000 or visit .

About Starwood Hotels & Resorts
Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) 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(R) Hotels is a fully integrated owner, operator and franchisor of hotels and resorts with the following internationally renowned brands: St. Regis(R), The Luxury Collection(R), Sheraton(R), Westin(R), Four Points(R) by Sheraton, W(R), Le Meridien(R) and the recently announced Aloft(SM). 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 .

About the Owners: AMC Delancey and Paramount Hotel Group
Paramount Hotel Group, founded in 1999, is a premier hotel management and development company. As an independent operator, the Fairfield, New Jersey-based company has successfully managed hotels under every major brand, including Sheraton, Marriott, Hilton, Radisson, Crown Plaza, Holiday Inn, Ramada and Howard Johnson. For information, visit .

Philadelphia-based AMC Delancey Group, Inc., is a leading real estate investment and development firm that co-invests with a growing number of real estate operating partners throughout the U.S. The company's current investment programs include hotel, office, retail, multi-family, condominium, mixed-use, and land development. More information is available at .

(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.)