Westin Hotels & Resorts

WHITE PLAINS, N.Y. | Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) announced today that they completed the sale of the 460-room Westin Long Beach in California for $88.4 million to a joint venture between Noble Investment Group and AEW Capital Management, LP., representing one of its institutional clients. The Westin Long Beach will continue to fly the Westin flag under a long-term license agreement. This sale represents the first part of a strategic plan for Noble to acquire additional assets from Starwood.

Located in downtown Long Beach on Ocean Blvd., the 16-story Westin is conveniently located across the street from the Long Beach Convention and Entertainment Center, and one mile from the Pacific Ocean and the Ports of Long Beach and Los Angeles. As an upper-upscale hotel, The Westin Long Beach offers a wide array of signature Westin amenities as well as a lobby bar, the Grille Restaurant and an outdoor heated swimming pool.

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(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 .

(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.)

Ellen Gallo
914/640-8167
Starwood

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