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Sheraton Hotels & Resorts Invests $230 Million to Renovate Four Iconic Hawaiian Properties



  Sheraton Hotels & Resorts Invests $230 Million to Renovate Four Iconic
  Hawaiian Properties

  Multi-Million Dollar Upgrades Made to the Sheraton Waikiki, Sheraton Maui
Resort & Spa, Sheraton Kauai Resort and Sheraton Kona Resort & Spa at Keauhou
                                     Bay

Business Wire

STAMFORD, Conn. -- November 20, 2012

Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) today announced that its
largest brand, Sheraton Hotels & Resorts, and its owners invested more than
$230 million to refurbish its four iconic Hawaiian properties. The
large-scale, multi-year project was completed with the recent unveiling of the
Sheraton Kona Resort and meets the increased demand for high-quality
accommodations as business and leisure travel to the Hawaiian Islands
continues to grow. The revitalization projects include the $188 million
renewal of the Sheraton Waikiki, the $6.5 million renovation of the Sheraton
Maui Resort & Spa, a $16 million upgrade to the Sheraton Kauai Resort, and a
$20 million refresh of the Sheraton Kona Resort & Spa at Keauhou Bay.

Sheraton Hotels & Resorts Invests $230 Million to Renovate Four Iconic
Hawaiian Properties (Photo: B ...

Sheraton Hotels & Resorts Invests $230 Million to Renovate Four Iconic
Hawaiian Properties (Photo: Business Wire)

Starwood has spent the last few years renovating and rebuilding one of the
hotel industry’s most iconic brands and the Sheraton brand now stands taller
than ever with the strongest portfolio in its history. The brand is gaining
market share, RevPAR continues to rise, guest satisfaction scores are the
highest in the brand’s history and likelihood to return, likelihood to
recommend and meeting planner and associate engagement scores are also at
all-time highs – signaling that guests are taking notice and rediscovering the
new Sheraton.

Leading Hotel in Oahu Celebrates Comprehensive Renovation

The Sheraton Waikiki has reaffirmed its place as the leader in its class among
Hawaii hotels with the completion of its nearly $188 million renovation of
1,636 rooms with a theme of “contemporary Hawaiian sophistication.” The
renewal starts at beach level and reaches to the top of the 31-floor
structure, offering new guest rooms and suites, redesigned public areas with
new landscaping and pools, renewed convention facilities, new and exhilarating
restaurants and bars, and new back-of-house equipment to increase service
efficiency.

The resort introduced to Waikiki the first infinity-edge pool and the only
oceanfront adult-only pool complete with a swim-up bar. Guests can enjoy
family fun at the Helumoa Playground, which offers a 70-foot-long waterslide,
two large whirlpools, and chaise water sunning benches spread around a
12,500-square-foot area. With the recent grand opening of the million-dollar
Leahi Club, Sheraton Waikiki is home to Hawaii’s only Sheraton Club Lounge. It
offers guests breathtaking panoramic views of Diamond Head and the Pacific,
first-class service, and culinary creations with matchless local flair.

Multi-Million Dollars Renews Maui Resort

In December 2011, the Sheraton Maui Resort & Spa, anchored by the legendary
Pu‘u Keka‘a (Black Rock), introduced a new sense of Hawaiian luxury to the
Ka‘anapali Resort with the redesign and renovation of its guest rooms. The
$6.5 million renewal introduced warm Hawaiian colors, textiles and prints to
the legendary location of the 508-room resort. Incorporating traditional
Hawaiian artwork, light hues, plush carpeting and drapery, and new tropical
furnishings the resort has created a comfortable setting for guests. With
wireless Internet now in every guest room, the resort now offers an elevated
in-room experience that enables guests to remain connected with what matters
most. The Sheraton Maui Resort & Spa has also taken several steps toward
sustainability with the installation of electric vehicle charging stations in
the parking structure.

Sheraton Upgrades Resort Located on Hawaii’s Famous Poipu Beach

Sheraton Kauai Resort, nestled into 20 acres along Kauai’s world-renowned
Poipu Beach, completed a $16 million revitalization in April. Upon arriving at
the 394-room resort – Poipu’s newest playground – guests are greeted by a
refurbished and modern porte-cochere and the beautifully upgraded Ocean Lobby.
The lobby opens into a new, open-air Ocean Courtyard that is elegantly
landscaped and adorned with tiki torches. It features six intimate seating
areas, three of which have fire pits. An added breezeway provides direct
access to the resort’s newly expanded and tiered Ocean Pool, lined with eight
private, vibrant bungalows sitting just above the pristine shore. The hotel’s
Rum Fire restaurant is the island’s newest hotspot and offers 180-degree ocean
views from its 240-seat restaurant and lounge. For those seeking the
consummate venue for meetings, banquets or special celebrations, the new Luana
Kai room overlooks Poipu Beach and is the only oceanfront indoor function
space on Kauai.

The Big Island’s Landmark Hotel Completes Extensive Floor-to-Ceiling
Renovation

The newly renamed Sheraton Kona Resort & Spa at Keauhou Bay (formerly Sheraton
Keauhou Bay Resort & Spa) completed a $20 million resort renewal in September
2012. The Kona Coast’s most iconic resort is well on its way to
re-establishing itself as the crown jewel of the community. Considerable
resources have been invested not only in physical revitalization but also into
efforts to better connect guests with Keauhou’s rich history by offering more
meaningful, culturally authentic experiences.

Significant enhancements to guestrooms, public areas and meeting spaces
include culturally inspired designs by Hawaii designer Sig Zane. A new lobby
arrival experience and Flying Fish activity outfitters complement and add to
the fun, excitement and ultimate experience that many already enjoy. New
oceanfront dining concepts include Rays on the Bay, touted as the only
restaurant in the world with manta ray viewing. With panoramic oceanfront
sunset dinners, Rays on the Bay highlights dishes embodying the best
farm-and-ocean-to-table tradition.

For more information on Sheraton Hotels & Resorts, please visit
www.sheraton.com or www.facebook.com/Sheraton. Follow Sheraton on Twitter,
@SheratonHotels.

About Sheraton Hotels & Resorts

Sheraton helps guests make connections at more than 400 hotels in 70 countries
around the world and recently completed a $6 billion global revitalization and
is now in the midst of a $6 billion global expansion over the next three
years. Sheraton is owned by and is the largest and most global brand of
Starwood Hotels & Resorts Worldwide, Inc., 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.starwoodhotels.com.

Photos/Multimedia Gallery Available:
http://www.businesswire.com/multimedia/home/20121120005979/en/

Multimedia
Available:http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50485230&lang=en

Contact:

Starwood Hotels & Resorts
Nadeen Ayala, 203-351-2542
or
Nancy J. Friedman PR
Jaclyn Boschetti, 212-228-1500
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