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HOTEL EXECUTIVE

Starwood Unveils Two Macao Developments

. October 14, 2008

WHITE PLAINS, NY, April 3, 2007. Starwood has announced the development of two hotels on the COTAI Strip development in Macao: The Sheraton Macao Hotel and the St. Regis Hotel & Residences, Macao.

Macao is a Special Administrative Region of China, located on the Southeast coast of China and the western bank of Pearl River Delta, 40 miles from Hong Kong.

The Sheraton is expected to open in 2008 and the St. Regis in 2009. The hotel will be the largest Sheraton globally, with approximately 4,000 rooms, 5 restaurants, over 140,000sq ft of meeting space, one health club in each tower, a spa and two outdoor swimming pools.

The St. Regis will offer approximately 460 rooms, including 341 standard rooms, 119 suites, 4 restaurants, meeting space, a health club, a Rem`ede Spa and a swimming pool. The Residences will feature over 400 residential units, ranging from one-bedroom to four-bedroom units, a residence-only swimming pool, own health club and butler service.

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