Starwood Cntinues Expansion in India

The new-build Sheraton Bangalore will be part of the integrated township Development Brigade Gateway

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. October 14, 2008

WHITE PLAINS, NY, February 14, 2007. Starwood Hotels & Resorts Worldwide, Inc continues its expansion momentum in India and Asia Pacific by announcing an agreement with the real estate major Brigade Group to manage their Sheraton Bangalore Hotel. The new-build Sheraton Bangalore Hotel is expected to open in April 2009.

Sheraton Bangalore Hotel will be part of a mixed-use integrated township development - Brigade Gateway, with master planning by H.O.K., New York, and will be a world-class lifestyle enclave comprising luxury residential apartments; the city's tallest and premium office building-North Star; The Brigade School; Galaxy Club; Columbia Asia Hospital; one of Bangalore's biggest shopping malls-Orion; and the Sheraton Hotel, in the emerging business district of Malleswaram - Rajajinagar in Bangalore city. In line with most cities in India, the central business districts are shifting away from traditional areas due to land scarcity. The shift of the business district and the new international airport to northern Bangalore both in close proximity to the new Sheraton, places the hotel in an advantageous position in the market.

'We are delighted to strengthen our presence in India with the signing of Sheraton Bangalore Hotel at Brigade Gateway. Bangalore is one of the fastest growing metropolises in India. It is aptly referred to as the Silicon Valley of India with its prominent presence on the global information technology (IT) and biotechnology map. We foresee tremendous opportunities for growth in this exciting city. Our new hotel is strategically located in the emerging business district in Bangalore, as well as in the first integrated township development of its kind in Bangalore, probably in the entire country. It will serve as an ideal venue for business travelers to gather and network, truly speaking to Sheraton's key attributes of warm, comforting connections for business travelers,' commented Stephen Ford, Regional Vice President for Starwood Hotels & Resorts, South Asia.

'We are extremely happy to be working on this exciting development in partnership with Brigade Enterprises Pvt. Ltd, one of the leading real estate players in India.' added Ford.

'As part of Brigade Group's philosophy of enhancing the quality of life for its customers, Sheraton Bangalore Hotel will complement the integrated facilities of the world-class Brigade Gateway enclave. Apart from meeting the shortage of hotel rooms in Bangalore, it will serve the needs of corporations located in the North Star office facility in Brigade Gateway and North Bangalore. With an international quality hospital in the enclave, the hotel will also facilitate medical tourism,' commented Mr. M. R. Jaishankar, Managing Director of Brigade Group.

Scheduled to open in 2009, Sheraton Bangalore Hotel will feature approximately 250 rooms with conferencing facilities, four restaurants and a health club and spa.

Bangalore is located in the state of Karnataka, and is approximately a one hour flight from Mumbai and a two and a half hour flight from New Delhi. Bangalore gained its commercial popularity as an IT hub/center around the world following the entry of Microsoft, Intel, IBM and other similar companies, and will continue to be an important technological center in the emerging world.

Sheraton Bangalore Hotel at Brigade Gateway marks another major step in Starwood Hotels & Resorts' expansion in India. The group recently signed for new Westins in Gurgaon, Sohna and Bangalore. With the signing of Sheraton Bangalore Hotel at Brigade Gateway, Starwood now has 24 hotels and resorts in operation and under development in India under its Westin, Sheraton, and Le M'eridien brands.