Four Points Opens Hotel in Tempe, AZ

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. October 14, 2008

WHITE PLAINS, NY, April 29, 2008. Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) today announces the opening of a new Four Points(R) by Sheraton in Tempe, Arizona in the heart of the Phoenix Metropolitan area. The Four Points by Sheraton Tempe, which is owned and operated by Twenty4Seven Hotels Corporation, underwent an extensive eight month renovation. The newly upgraded 187-room hotel will offer guests just what they're looking for - great beds, a social atmosphere and a resort pool experience, Walking distance from Arizona State University's main campus, Four Points by Sheraton Tempe is minutes from the more than 100 shops, galleries and restaurants in Tempe's popular Mill Avenue district and not far from Arizona Mills, the state's largest mall.

Additionally, the Four Points by Sheraton Tempe is within walking distance of two light rail stations, providing transportation to Mill Avenue, the Airport, downtown Phoenix and many other locations within the greater Phoenix Metro Area. Guests can catch a college football game at the nearby Sun Devil Stadium or enjoy a round of golf at one of several nearby courses. Other popular area attractions include the ASU Arboretum, the Desert Botanical Garden and the Phoenix Zoo. Just one mile from Tempe St. Luke's hospital, the hotel is also close the offices of Google, US Airways, Wells Fargo and Federal Express.

"The opening of Four Points by Sheraton Tempe extends the brand's presence in the dynamic Phoenix metropolitan area and provides comfortable lodging at a great value for both business travelers and leisure customers," said Sandy Swider, Vice President, Four Points by Sheraton. "Four Points by Sheraton gives travelers just what they want and need - comfortable accommodations, free Internet access and the space they need to work or relax."

The hotel's 187 guest-rooms and suites offer private balconies overlooking the pool and patio area. Rooms come equipped with wireless Internet access, 32-inch LCD flat screen televisions, free bottled water, and signature amenities including the Four Points by Sheraton Four Comfort Bed, a multi-layered, cozy ensemble designed for comfort. In addition to a duvet in a rich palette of colors, the bed features a plush mattress and a welcoming array of pillows, including two feather/down sleeping pillows and two oversized lounging pillows.

Through the brand's Simple Pleasures(SM) program, such as hot coffee and freshly baked pie are served in the lobby throughout the day. Guests can also choose from a wide selection of North American and imported beers at the lobby lounge, thanks to the Four Points by Sheraton Best Brews(R) program. Four Points by Sheraton Tempe offers all-day dining including a breakfast and lunch buffet at the lobby restaurant as well as tasty snacks at the grab-n-go coffee bar.

The hotel provides nearly 5,000 square feet of state-of-the-art flexible meeting space, which can accommodate groups of up to 200 people. Professional planning and catering services are also available to ensure the success of each event. Additional facilities include a 24-hour hour gym and business center.