Industry Update
Press Release11 September 2014

The Luxury Collection Grows Its North American Portfolio in with Signing of Landmark Hotel in Napa Valley

Las Alcobas, a Luxury Collection Hotel, Napa Valley is set to Debut in 2015, following a Multi-Million Renovation

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Starwood Luxury Collection

Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) today announced its plans to debut The Luxury Collection brand in California's famed Napa Valley. Las Alcobas, a Luxury Collection Hotel, Napa Valley will open in the fall of 2015 upon completion of a comprehensive multi-million renovation that will transform the former Grandview Hotel & Spa. Owned and developed by Spring Mountain Hotel, LLC, a joint venture between Presidio Companies and Las Alcobas Hotel Group will feature 57 luxurious guest rooms and suites, a signature restaurant, a 3,500 square foot spa, an outdoor pool, meeting facilities and all of the brand's signature amenities and services. Located in the historic city of St. Helena, this hotel marks the fourth Luxury Collection hotel in California.

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"This exciting project will result in a truly spectacular addition to The Luxury Collection portfolio, offering discerning travelers unparalleled access to the renowned vineyards of Napa Valley," said Paul James, Global Brand Leader, The Luxury Collection, St. Regis and W Hotels Worldwide. "With 87 hotels around the world, The Luxury Collection offers global explorers the chance to experience some of the world's most inspiring destinations while enjoying the brand's exceptional service and inimitable style."

The renowned Yabu Pushelberg will oversee the design of Las Alcobas. Spanning 3.4 acres, the hotel consists of the historic Acacia House, which was built as a private residence in 1907 and converted into a hotel in 1911, as well as several multi-unit cottages added in the early 1940s. Last year, the St. Helena City Council approved the historic preservation of the property as a 57-room resort. The adaptive re-use project will reconfigure existing structures, preserve the Georgian and Victorian architectural flourishes, and infuse the property with modern touches. The redesigned Acacia House will house the hotel's lobby, restaurant, spa, fitness center, 3,500 square feet of state-of-the-art meeting space including a grand ballroom, and seven of the guest rooms, while the remaining guest rooms will be spread across the property's charming cottages.

"We are delighted to reposition and reopen this hotel as part of Starwood's renowned Luxury Collection brand, which will give us a strong asset in this high barrier to enter market," said Guneet Bajwa, Managing Principal, Presidio Companies. "We expect it will soon emerge as one of Napa Valley's leading luxury hotels."

"Our collaboration with Presidio Companies and Starwood Hotels will result in a Luxury Collection property that stands apart from the competition in this remarkable wine and tourist destination," said Samuel Leizorek, Managing Partner, Las Alcobas Hotel Group. "Las Alcobas will attract business and leisure travelers with its sophistication, unparalleled service and indigenous charms to create magical experiences."

Leizorek added: "We are honored to be part of the amazing community of St. Helena, which is the epicenter and historic capital of North American wine making. Las Alcobas, a Luxury Collection Hotel, Napa Valley is an accomplishment of many years of collaboration between the developers and the city of St. Helena. The development of a new luxury hotel is this community is a privilege for us."

Located at 1915 Main Street, Las Alcobas is next door to the Beringer Wine Estate and offers breathtaking views of the vineyard. Walking distance to the Culinary Institute of America and the restaurants, art galleries and boutiques of downtown St. Helena, the hotel is a short drive to several world-class golf courses and numerous wineries. It is also easily accessible from both Sonoma County Airport (STS) and Napa County Airport (APC), and 76 miles from San Francisco International Airport (SFO).

"We look forward to the debut of Las Alcobas, a Luxury Collection Hotel, Napa Valley, one of three new Luxury Collection properties opening in North America in the next 18 months," said Allison Reid, Senior Vice President of North America Development, Starwood Hotels & Resorts Worldwide, Inc. "The Luxury Collection is the perfect brand for owners and developers looking to reposition extraordinary assets by leveraging Starwood's strong global platform and systems to attract travelers seeking an authentic and memorable experience."

About Presidio Companies

Presidio Companies specializes in hospitality management and development. Based in Sacramento, Calif., this company locates special opportunities for developments or acquisitions of new or existing hotel properties.. The company's headquarters are located at 1011 10th St, Sacramento, CA 95814; phone: 707-429-6000; Fax: 707-423-4130.

About Las Alcobas Hotel Group

Based in Mexico City and specializes specialists in building, operating, branding and asset management of small independent luxury hotels as well as restaurants with proprietary concepts.

Related Brand

The Luxury Collection

The Luxury Collection®, part of Marriott International, Inc., is comprised of world-renowned hotels and resorts offering unique, authentic experiences that evoke lasting, treasured memories. For the global explorer, The Luxury Collection offers a gateway to the world's most exciting and desirable destinations.
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About Starwood Hotels & Resorts Worldwide, Inc.
Starwood Hotels &

Resorts Worldwide, Inc. is one of the leading hotel and leisure companies in the world with more than 1,300 properties in some 100 countries and approximately 188,000 employees at its owned and managed properties. Starwood is a fully integrated owner, operator and franchisor of hotels, resorts and residences under the renowned brands: St. Regis®, The Luxury Collection®, W®, Westin®, Le Méridien®, Sheraton®,Tribute Portfolio™, Four Points® by Sheraton, Aloft®, and Element®, along with an expanded partnership withDesign Hotels™. The company also boasts one of the industry’s leading loyalty programs, Starwood Preferred Guest (SPG®). Visit www.starwoodhotels.com for more information and stay connected @starwoodbuzz on Twitterand Instagram and facebook.com/Starwood.
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