Four Points by Sheraton to Expand Footprint In Chicagoland With New Hotel in Arlington Heights

Four Points by Sheraton Arlington Downs is Slated to Open in January 2015 as Part of a New Mixed-use Development

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. September 19, 2013

Stamford, CT - September 19, 2013 - Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) today announced that its fast-growing Four Points by Sheraton brand will soon debut in Northwest Chicago's Greater Woodfield Area. Four Points by Sheraton - Arlington Downs will open in January 2015 as part of a highly anticipated urban redevelopment project in Arlington Heights, Illinois. Owned by Arlington Devco LLC, the newly constructed hotel will offer 161 spacious rooms and all the extras guests appreciate.

“Four Points by Sheraton - Arlington Downs will attract both business and leisure travelers with its convenient location within the city's newest mixed-use development,” said Brian McGuinness, Senior Vice President of Specialty Select Brands for Starwood. “At Four Points, guests enjoy an honest value, genuine service, plus all the amenities such as free WiFi, free bottled water and free coffee so that they can stay productive on the road.”

Four Points by Sheraton - Arlington Downs will be a key component of the $250 million Arlington Downs master planned project, which will also feature luxury apartment towers, shops, restaurants and a newly expanded water park. Just 20 minutes from Chicago O'Hare International Airport (ORD) and walking distance to the Metra rail for a 35 minute ride to downtown Chicago, the hotel will also offer proximity to Arlington Park Race Track, Woodfield Mall and Metropolis Performing Arts Center. Four Points by Sheraton - Arlington Downs will offer over 4,000 square feet of market-leading meeting facilities, full-service dining, indoor pool, fitness center, and all the other amenities such as free WiFi, bottled water and coffee that have made Four Points a favorite with travelers worldwide.

“Demand for Four Points is on the rise in the Chicago area, as well as in other dynamic destinations across North America,” said Allison Reid, Senior Vice President of North America Development, Starwood Hotels & Resorts Worldwide, Inc. “The Four Points promise of 'great hotels at great rates' is winning over increasing numbers of travelers and also owners and developers in pursuit of a high-caliber global brand.”

About Arlington Devco, LLC
Managed by David Trandel, the Principals of Arlington Devco, LLC have developed and owned over $3.5 billion of institutional-quality real estate. Collectively, the development and construction team have experience in luxury high-rise residential communities, the development of world-renowned hotels like the Waldorf-Astoria and JW Marriott in Chicago in addition to historic restorations, ground-up hotel resort properties, neighborhood, specialty, and large-scale institutional retail centers.

About Four Points by Sheraton
Great Hotels. Great Rates. With over 175 Four Points hotels in more than 30 countries, travelers can find the timeless style and comfort they're looking for with genuine service and everything that matters most, all around the world. From Santiago to Shanghai and Milan to Milwaukee, Four Points hotels can be found in big urban centers, by the airport, near the beach, and in the suburbs. A recent $1 billion invested in renovations, conversions, and new-build hotels has made the brand stronger than ever. Four Points by Sheraton, like all brands within Starwood's portfolio, is proud to offer the Starwood Preferred Guest® program, the industry's richest loyalty program. To learn more, visit www.spg.com.

About Starwood Hotels & Resorts Worldwide, Inc.
Starwood Hotels & Resorts Worldwide, Inc. is one of the leading hotel and leisure companies in the world with 1,162 properties in nearly 100 countries and 171,000 employees at its owned and managed properties. Starwood is a fully integrated owner, operator and franchisor of hotels, resorts and residences with the following internationally renowned brands: St. Regis®, The Luxury Collection®, W®, Westin®, Le Meridien®, Sheraton®, Four Points® by Sheraton, Aloft®, and Element®. The Company boasts one of the industry's leading loyalty programs, Starwood Preferred Guest (SPG), allowing members to earn and redeem points for room stays, room upgrades and flights, with no blackout dates. Starwood also owns Starwood Vacation Ownership, Inc., a premier provider of world-class vacation experiences through villa-style resorts and privileged access to Starwood brands. For more information, please visit www.starwoodhotels.com.

( 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.). The names of actual companies and products mentioned herein may be the trademarks of their respective owners.