Starwood Begins Construction on Westin Los Cabos Ocean Villas
WHITE PLAINS, NY, April 18, 2007. Starwood Vacation Ownership, a division of Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT), announced today that it has broken ground on its second Westin-branded vacation ownership resort in Mexico. The Westin Los Cabos Ocean Villas is the first vacation ownership resort in Los Cabos, Mexico to be developed by a major U.S.-based lodging company.
The Westin Los Cabos Ocean Villas will feature 64 two-bedroom lock-off villas and boast Westin's signature amenities and services that help guests feel at their best, including pools, a restaurant, spa and WestinWORKOUT(R) Powered by Reebok fitness facility. Villas will feature gourmet kitchens with granite countertops, separate living and dining areas, balconies overlooking the Sea of Cortez, separate bedrooms featuring the renowned Westin Heavenly Bed(R) and flat screen televisions in the bedrooms and living room area.
'We are excited to begin construction on this resort and introduce another Westin Vacation Ownership product in Mexico offering renewal and relaxation to our guests. The location is one of the most beautiful in Los Cabos and we are eager to continue our expansion,' said Sergio Rivera, president of real estate development, Starwood Hotels & Resorts, Worldwide, Inc.
Starwood Vacation Ownership has two other resorts under development in Mexico including The Westin Lagunamar Ocean Resort in Cancun, which is currently under construction and will include 295 two-bedroom lock-off villas. In addition, the St. Regis Residence Club, Punta Mita is expected to begin construction later this year on roughly 40 free-standing villas dramatically set on the Pacific Ocean.
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 
