Industry Update
Press Release20 April 2012

Four Points by Sheraton to Debut in Kelowna, British Columbia

Four Points by Sheraton Kelowna Airport Will Open in Spring 2013, Near Okanagan Lake and the Downtown Business District

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Four Points by Sheraton

STAMFORD, Conn. -- Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) today announced plans to introduce its rapidly expanding Four Points brand to Kelowna, British Columbia. Four Points by Sheraton Kelowna Airport will open in Spring of 2013, just minutes from baggage claim. Owned by Argus Properties Ltd. and managed by Pacrim Hospitality Services, the newly constructed hotel will be the first Four Points hotel in Kelowna and the brand’s fifth in British Columbia. Four Points by Sheraton Kelowna Airport will feature 120 comfortable and stylish guest rooms, market-leading meeting facilities of 4,500 square feet, indoor pool, 24 hour fitness and all the other amenities that have made Four Points a favorite with travelers worldwide.


Four Points by Sheraton Kelowna Airport is located at the entrance to Kelowna International Airport, Canada’s 10th busiest, which has been recently approved for a $50M expansion to accommodate large numbers of international travelers. This location is also home to the University of British Columbia (Okanagan Campus), with a current enrollment of 8,000 students, including international students from 78 countries. Kelowna sits on the shores of Okanagan Lake, a 98 mile waterway offering unlimited water sports, and at the centre of a thriving Okanagan Valley economy. For wine enthusiasts, Kelowna is a must-visit to experience the many international award winning wines found among the 50 wineries in the area. This city is also Canada’s newest golf destination with more than 20 courses enjoying the driest, longest and sunniest golf season in Canada. Winter skiing nearby offers World Class Ski Resorts, which are rated among the top five family resorts in the world.

“We look forward to offering travelers a fresh new option in the scenic city of Kelowna,” said Brian McGuinness, Senior Vice President, Specialty Select Brands for Starwood. “At Four Points, guests travel the way they like, with genuine service, classic style and great rates.”

“With one of the strongest pipelines in the Starwood portfolio, Four Points is an increasingly attractive choice for owners and developers in fast-growing markets across North America,” said Allison Reid, Senior Vice President of North American Development for Starwood. “Four Points offers a compelling blend of comfort, style and affordability, plus it is backed by the power of Starwood, including the award-winning Starwood Preferred Guest program.”

“We expect Four Points by Sheraton Kelowna Airport to be a hit among both business and leisure travelers, who appreciate the brand’s great service, comfort and style,” said Ted Callahan, President & CEO of Argus Properties.

Four Points opened its 150th hotel in 2010, solidifying its place as Starwood’s third largest brand with the second-biggest global pipeline. Always an honest value, Four Points has great amenities like free bottled water, free Wi-Fi in public spaces, and free internet access in all guestrooms. A delicious breakfast with great coffee and refreshing, local beer with Best BrewsSM help guests to start and end the day right. Four Points gives travelers everything they need to be comfortable and productive on the road.

About Argus Properties

Argus Properties is a dynamic, forward thinking property and development company with a proven 40 year track record. Headquartered in Kelowna, Argus Properties has an extensive portfolio of projects () and a well earned reputation as one of the British Columbia’s finest development companies.

About Pacrim Hospitality Services Inc.

Pacrim Hospitality Services Inc. (PHSI) is one of Canada’s largest independently owned hotel management and development companies that currently manages 45 hotels throughout Canada and the United States totaling 4,681 hotel rooms and suites. PHSI has, for more than a decade, expertly managed hotels in partnership with many of the world’s most recognized hotel brands. For more information, please visit .

PHSI’s ability to successfully coordinate the development of new properties, redevelop existing properties from concept development through to opening day and beyond are well recognized in the hospitality industry.

About Four Points by Sheraton

Great Hotels. Great Rates: With 161 Four Points by Sheraton hotels in 27 countries, travelers can find the timeless style and comfort they’re looking for with genuine service and everything that matters most, all around the world. From Santiago to Shanghai and Milan to Milwaukee, Four Points hotels can be found in big urban centers, by the airport, near the beach, and in the suburbs. A recent $1 billion invested in renovations, conversions, and new-build hotels has made the brand stronger than ever.

Four Points by Sheraton, like all brands within Starwood’s portfolio, is proud to offer the Starwood Preferred Guest® program, which offers a breakthrough policy of no blackout dates on Free Night Awards. To learn more, visit .

About Starwood Hotels & Resorts Worldwide, Inc.

Starwood Hotels & Resorts Worldwide, Inc. is one of the leading hotel and leisure companies in the world with 1090 properties in 100 countries and territories with 154,000 employees at its owned and managed properties. Starwood Hotels is a fully integrated owner, operator and franchisor of hotels, resorts and residences with the following internationally renowned brands: St. Regis®, The Luxury Collection®, W®, Westin®, Le Méridien®, Sheraton®, Four Points® by Sheraton, Aloft®, and Element SM. The company boasts one of the industry’s leading loyalty programs, Starwood Preferred Guest (SPG), allowing members to earn and redeem points for room stays, room upgrades and flights, with no blackout dates. Starwood Hotels also owns Starwood Vacation Ownership, Inc., a premier provider of world-class vacation experiences through villa-style resorts and privileged access to Starwood brands. 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.)

Stacy Trevino
Starwood Hotels & Resorts Worldwide, Inc.
Phone: 914-640-8513
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