Announcing the Four Points By Sheraton Charlotte

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. October 14, 2008

WHITE PLAINS, NY, October 12, 2006. Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) announced today the opening of the Four Points by Sheraton(R) Charlotte. The North Carolina-based airport hotel, formerly the Morgan Hotel & Suites, is owned by Morgan Enterprises, Inc., and is flying the Four Points by Sheraton flag under a long-term management agreement.

Located four minutes from The Charlotte Douglas International Airport, the Four Points by Sheraton Charlotte, is conveniently close to a variety of destinations and attractions including downtown, South Park, the Coliseum, Ericsson Stadium, Discovery Place, Paramount's Carowinds and Lowe's Motor Speedway.

"We are excited to become a part of the thriving Charlotte community," said Hoyt Harper, senior vice president, Four Points by Sheraton brand. "The hotel's convenient location combined with its highly styled yet comfortable design makes it the perfect addition to our growing portfolio."

The 133-room property sports a contemporary d'ecor with 56 designer two-room suites and 77 executive guest rooms that feature all of the signature Four Points by Sheraton amenities, including the exclusive Four Points by Sheraton Four Comfort Bed, a multi-layered, cozy ensemble designed to pamper guests. In addition to a duvet in a rich palette of colors, the bed features a plush mattress and a welcoming quartet of pillows for relaxing that includes two feather/down sleeping pillows and two oversized lounging pillows. In addition, free wireless high-speed Internet access and free bottled water are available in each room. Other branded offerings include in-room dining, a fully equipped fitness center, and an outdoor pool and sundeck. A 24-hour airport shuttle to all terminals and a business center are standard amenities across the brand.

The hotel features almost 1,500 square feet of flexible meeting space, specifically designed for small meetings and company off-sites and retreats, or special events such as social get-togethers or parties. For lunch, dinner or in-room dining, guests can enjoy the hotel's award-winning Harper's Restaurant, a local favourite of guests and locals alike.

(Note: This press release contains forward-looking statements within the meaning of federal securities regulations. Forward-looking statements are not guarantees of future performance or events and involve risks and uncertainties and other factors that may cause actual results or events to differ materially from those anticipated at the time the forward-looking statements are made. These risks and uncertainties are presented in detail in our filings with the Securities and Exchange Commission. Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be attained or that results and events will not materially differ. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.)