Starwood Prices $250 Million Debt Offering

WHITE PLAINS, N.Y.--(Business Wire)--
Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) announced today that it
has priced an underwritten public offering of $250 million of 7.150% Senior
Notes due 2019. The notes were offered to the public at a price of 97.559% of
principal amount.

Starwood expects to use the net proceeds from the proposed offering to purchase
up to $200 million aggregate principal amount of its outstanding 7⅞% Senior
Notes due 2012 and up to $100 million aggregate principal amount of its
outstanding 6¼% Senior Notes due 2013 pursuant to a cash tender offer also
announced by Starwood today. If the tender offer is not completed, or there are
any remaining net proceeds that are not so applied, then the remaining proceeds
from the offering will be used for general corporate purposes.

Citigroup Global Markets Inc., Banc of America Securities LLC, Calyon Securities
(USA) Inc., RBS Securities Inc. and Scotia Capital (USA) Inc. are acting as
joint bookrunning managers for this offering, which is expected to close on
November 20, 2009. Interested parties may obtain a written prospectus relating
to the senior notes offering from Citigroup Global Markets Inc. at Attn:
Prospectus Department, Brooklyn Army Terminal, 140 58th Street, 8th Floor,
Brooklyn, NY 11220, telephone: (800) 831-9146.

This press release shall not constitute an offer to sell or the solicitation of
an offer to buy these securities, nor shall there be any sale of these
securities in any state in which such offer, solicitation or sale would be
unlawful.

About Starwood Hotels & Resorts Worldwide, Inc.

Starwood Hotels & Resorts Worldwide, Inc. is one of the leading hotel and
leisure companies in the world with 982 properties in 100 countries and
approximately 145,000 employees at its owned and managed properties. Starwood
Hotels is a fully integrated owner, operator and franchisor of hotels and
resorts with the following internationally renowned brands: St. Regis, The
Luxury Collection, Sheraton, Westin, Four Points by Sheraton, W, Le Méridien,
and the recently announced AloftSM and ElementSM. Starwood Hotels also owns
Starwood Vacation Ownership, Inc., one of the premier developers and operators
of high quality vacation interval ownership resorts. For more information,
please visit www.starwoodhotels.com.

Forward Looking Statements

This communication contains forward-looking statements relating to the terms and
timing of the tender offer, the expected source of funding for the tender offer
and Starwood`s ability to implement its strategic and business initiatives.
These forward-looking statements are made pursuant to the safe harbor provisions
of the Private Securities Litigation Reform Act of 1995 and are subject to
risks, uncertainties, assumptions and other factors that are difficult to
predict and that could cause actual results to vary materially from those
expressed in or indicated by them. Additional risks and factors are identified
in Starwood`s filings with the SEC, including its annual report on Form 10-K for
the year ended December 31, 2008 and its quarterly report on Form 10-Q for the
quarter ended March 31, 2009, which are available on the SEC`s website at
http://www.sec.gov. Starwood undertakes no obligation to revise or update any
forward-looking statement, or to make any other forward-looking statements,
whether as a result of new information, future events or otherwise.

** Please contact Starwood`s new, toll-free media hotline at (866) 4-STAR-PR
(866-478-2777) for photography or additional information.**

Starwood Hotels & Resorts Worldwide, Inc.
Jason Koval, 914-640-8165
Vice President, Investor Relations

Copyright Business Wire 2009