Starwood Closes on Sale of Westin Europa & Regina
WHITE Palins, NY, June 15, 2006. Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) announced that it has closed on the sale of the Westin Europa & Regina hotel in Venice Italy to an affiliate of Host Hotels & Resorts, Inc. (NYSE: HST).
This hotel is part of the portfolio of 35 hotels to be sold to Host. The closing of this hotel was deferred as a result of certain notice periods and consents that had not been received prior to the closing of the sale of 28 of the hotels on April 10, 2006 and four hotels on May 3, 2006. The hotel will remain in the Starwood system and continue to be managed by Starwood under a long-term management agreement.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
