Premier Resort in Snowmass, Colorado Re-Opens as a Westin Following Multi-Million Dollar Renovation

  Premier Resort in Snowmass, Colorado Re-Opens as a Westin Following
  Multi-Million Dollar Renovation

   Adjacent to the Slopes of Snowmass, The Westin Snowmass Resort Unveils a
    Brand-New Spa, Fitness Center, Hot Tubs and Ski-in, Ski-out Restaurant

Business Wire

STAMFORD, Conn. -- November 19, 2012

Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) today announced the
opening of The Westin Snowmass Resort following an extensive, multi-million
dollar renovation to reposition the prestigious, slope-side property as a
Westin. Formerly known as the Silvertree Hotel & Conference Center, the resort
fully refurbished all guest rooms and public areas in order to implement the
full suite of Westin signature amenities, designed to rejuvenate and inspire
wellbeing. Owned by a joint venture between Starwood Capital Group and
Wasserman Real Estate, The Westin Snowmass Resort is ideally situated in the
heart of Snowmass Village, adjacent to the slopes of Snowmass – one of
Colorado’s most sought-after ski mountains.

The Westin Snowmass Resort opens in Snowmass, Colorado and unveils a brand-new
spa, fitness center a ...

The Westin Snowmass Resort opens in Snowmass, Colorado and unveils a brand-new
spa, fitness center and ski-in, ski-out restaurant. (Photo: Business Wire)

The Westin Snowmass Resort features 254 rooms including 18 suites, all with
spectacular slope-side views. The resort’s brand-new restaurant – The Snowmass
Kitchen – offers all-day dining with convenient ski-in/ski-out access. Guests
will enjoy the world-class spa facility and brand-new WestinWORKOUT® fitness
center overlooking Snowmass Village, as well as the two new hot tubs at the
resort’s pool. The newly landscaped outdoor space is ideal for outdoor events.
The 20,000 square-foot conference center was fully renovated and re-opened on
June 1, 2012.

Overlooking the slopes of Snowmass, The Westin Snowmass Resort is walking
distance to the shops and restaurants of Snowmass Village and is convenient to
three other ski areas – Aspen, Aspen Highlands and Buttermilk. The
Snowmass/Aspen area is also a leading destination for summer vacationers,
offering a host of activities such as white-water rafting, championship golf
courses, horseback riding, hot air balloon rides and hiking.

“We are delighted to open The Westin Snowmass Resort where guests can enjoy
either winter skiing or summer recreation at a magnificent property that truly
exemplifies the Westin brand’s emphasis on wellbeing,” said Brian Povinelli,
Global Brand Leader for Westin Hotels & Resorts. “As the newest addition to
the Westin brand’s already extensive collection of ski resorts, The Westin
Snowmass gives travelers the opportunity to experience the Westin difference
in the prestigious Snowmass/Aspen area.”

The sensory-rich environment at Westin offers a respite from the rigors of
travel and sets a welcoming tone. Upon entering the lobby, guests begin to
breathe more easily as they are greeted with soothing elements like relaxed
lighting, natural botanicals and stimulating music. All guestrooms feature the
world-renowned Westin Heavenly^® Bed with lush sheets, down cushioning and a
patented pillow-top mattress, which cradles and contours to the body for
complete comfort. Another industry first, the Heavenly^® Bath creates an
invigorating spa-like experience, enhanced with the brand’s Heavenly^® Shower,
Heavenly® Robe and exclusive White Tea Aloe bath amenities. In-room,
high-speed Internet access and an ergonomic work space offer travelers
convenience and productivity in a tranquil setting.

“We are thrilled to be re-opening as a Westin in time for the winter ski
season and invite guests to enjoy our newly improved facilities and rejuvenate
with the help of the Westin brand’s signature amenities and services,” said
John Curnow, general manager of The Westin Snowmass Resort. “The Westin
Snowmass Resort is one of the area’s top wedding and meeting destinations and
a stand-out resort with year-round appeal.”

Westin Hotels & Resorts, like all brands within Starwood’s robust portfolio,
is proud to offer the Starwood Preferred Guest^® program, which made headlines
when it launched in 1999 with a breakthrough policy of no blackout dates on
Free Night Awards. SPG^® offers members the ability to redeem awards at more
resorts, more luxury properties, more European hotels and more golf properties
than any other hotel program.

For more information on Westin Hotels & Resorts, please visit www.westin.com,
Facebook or follow Westin on Twitter.

About Westin Hotels & Resorts

Westin Hotels & Resorts offers innovative programs that transform every aspect
of a stay into a revitalizing experience. All Westin signature services – like
the Heavenly Bed, delicious SuperFoodsRX® and WestinWorkout® studio – have
been designed with the guests’ well-being in mind. Westin hotels,  with more
than 186 hotels and resorts in nearly 40 countries and territories, is owned
by Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT). Starwood Hotels &
Resorts Worldwide, Inc. is one of the leading hotel and leisure companies in
the world with 1,128 properties in nearly 100 countries and 154,000 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 Méridien^®, Sheraton^®, Four Points^® by Sheraton, Aloft^®, and
Element^SM. 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.westin.com

About Starwood Capital Group

Starwood Capital Group is a private, U.S.-based investment firm with a core
focus on global real estate. Since the group’s inception in 1991, the firm,
through its various funds, has invested over $10 billion of equity capital,
representing over $29 billion in assets. Starwood Capital Group currently has
$19 billion of assets under management. Starwood Capital Group maintains
offices in Greenwich, Atlanta, San Francisco, Washington, D.C., and affiliated
offices in London, Luxembourg, Paris, Mumbai and Sao Paulo. Starwood Capital
Group has invested in nearly every class of real estate on a global basis,
including office, retail, residential, senior housing, golf, hotels, resorts
and industrial assets. Starwood Capital Group and its affiliates have
successfully executed an investment strategy that includes building
enterprises around core real estate portfolios in both the private and public
markets. Additional information about Starwood Capital can be found at
www.starwoodcapital.com.

About Wasserman Real Estate Capital

Wasserman Real Estate Capital LLC is a vertically integrated real estate
operating company with in-house acquisition, development, leasing, property
management, asset management, legal and financial reporting capabilities.
Wasserman’s goal is to create value and manage the long-term interests of its
investments on behalf of its investors. Wasserman Real Estate Capital
develops, re-develops, and manages a vast array of properties across the
United States and internationally.For more information, please visit
www.wrecapital.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.)

Photos/Multimedia Gallery Available:
http://www.businesswire.com/multimedia/home/20121119006540/en/

Multimedia
Available:http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50484001&lang=en

Contact:

Media:
Starwood Hotels & Resorts Worldwide, Inc.
Nadeen N. Ayala, 203-351-2542
Nadeen.ayala@starwoodhotels.com
 
Press spacebar to pause and continue. Press esc to stop.