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Sheraton Grande Tokyo Bay Hotel Announces Completion of $10 million dollar Renovation in Celebration of its 20th Anniversary

Sheraton Grande Tokyo Bay Hotel completed significant upgrades as it re-launches as a leading international meeting facility

 Tokyo, Japan, 25 March 2008 –Sheraton Grande Tokyo Bay Hotel recently celebrated the completion of a $10 million dollar renovation in honor of its 20th anniversary. The hotel’s comprehensive refurbishment program included the reinvention of the lobby, revitalization of guestrooms and upgrading of its meeting facilities in preparation of the hotel’s re-launch as a leading international conference facility. As part of its refurbishment, Sheraton Grande Tokyo Bay Hotel now introduces a host of Sheraton signature comforts for the first time in Japan.

Owned by a joint venture between Starwood Hotels & Resorts and a fund managed by Morgan Stanley Real Estate, Sheraton Grande Tokyo Bay Hotel is one of Japan’s favorite hotels and the official hotel for Tokyo Disney Resort, which commemorates its 25th anniversary this year.

“This very timely refurbishment will position Sheraton Grande Tokyo Bay Hotel as one of the leaders in the family, conference and incentive markets, in a destination that attracts travelers from around the world,” said Lothar Pehl, Regional Vice President for Starwood Hotels in Japan, Korea and Guam. “The warm and welcoming revitalized guestrooms will be enhanced by the brand’s signature comforts, designed to make them feel at home. Meanwhile, the new Sheraton brand guest programs will ensure that guests can bring their lifestyle on the road and make connections while travelling.”

All areas of the hotel – from the lobby, restaurants and recreational facilities to the spacious guest rooms and suites – will boast a warm, new look and provide opportunities to connect with friends and loved ones.  Sheraton Grande Tokyo Bay Hotel will be the first hotel in Japan to introduce the Link@ Sheraton, which will be located at the heart of the resort’s energetic lobby. In this sleek communications hub, guests can catch up on emails, enjoy a board game, watch television with friends, relax with a good book or enjoy a selection of gourmet treats from the Link@Sheraton snack menu. The inviting ambience of the lobby will be enhanced by the brand’s new signature lobby scent "Open Skies,” the new Sheraton soundtrack, custom-designed lighting and garden-inspired botanicals – all designed to create a genuine and warm welcome for guests following rigorous travel.

Sheraton Grande Tokyo Bay Hotel will also re-energize its dining options by introducing two new restaurants. At TOASTINA, guests will be invited to indulge in a variety of freshly prepared items, included several toasted selections. The casual and lively ambience will make it the perfect spot to connect with friends and colleagues, while enjoying live music and tasty food. Guests will also be able to enjoy enticing entrees at the new MAIHAMA – Teppanyaki Grill.

In their rooms, guests will luxuriate in the Sheraton Sweet Sleeper bed, a nine-layered custom-designed ensemble boasting an exquisitely comfortable, plush mattress, fluffy down hypoallergenic pillows, crisp cotton sheets, cozy blanket and signature blanket and duvet.  Guests will feel right at home, checking their email using the hotel’s high-speed Internet access, channel surfing on the flat screen televisions and making calls in the roomy work area.

Sheraton, the largest brand of Starwood Hotels & Resorts Worldwide, Inc.® (NYSE:HOT) has more than 408 hotels, including 58 resorts,  in 70 countries.  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 Hotels is a fully integrated owner, operator and franchisor of hotels and resorts with the following internationally renowned brands: St. Regis®, The Luxury Collection®, Sheraton®, Westin®, Four Points® by Sheraton, W®, Le Méridien® and the recently announced AloftSM and ElementSM Hotels. 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 www.starwoodhotels.com

About Starwood Hotels & Resorts Worldwide, Inc.

Starwood Hotels & Resorts Worldwide, Inc. is one of the leading hotel and leisure companies in the world with approximately 900 properties in more than 100 countries and 155,000 employees at its owned and managed properties. Starwood Hotels is a fully integrated owner, operator and franchisor of hotels and resorts with the following internationally renowned brands: St. Regis®, The Luxury Collection®, Sheraton®, Westin®, Four Points® by Sheraton, W®, Le Méridien® and the recently announced AloftSM and ElementSM Hotels. 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 www.starwoodhotels.com.

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(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.)

Best,

Hwee Peng
Hwee-Peng Yeo
Director, Corporate Communications
Starwood Asia Pacific Hotels & Resorts Ltd

9 Temasek Boulevard, Suntec City Tower 2
#24-02, Singapore 038989
 

Tel : +65 6335 4837; Cell : +65 9768 6087; +65 9248 0424
Fax : +65 6335 4820
www.starwoodhotels.com; www.starwoodpressclub.com

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