Starwood Vacation Ownership Launches First Westin-Branded Timeshare Resort in Kauai

ORLANDO, Fla., June 29 /PRNewswire/ — Starwood Vacation Ownership (SVO), a division of Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) , recently began sales of its newest Hawaii resort, The Westin Princeville Ocean Resort Villas.

Ground was broken in June 2005 for the oceanfront property located in Kauai, which comprises 18.5 acres dramatically perched 200 feet above Hawaii’s famous Anini Beach and bordered by both of Princeville’s championship golf courses, The Prince and The Makai. The mixed-use resort includes a two-story clubhouse and seven two- and three-story guest buildings with 179 timeshare villas and six hotel units. The first units are scheduled to open in 2008.

“With today’s sales launch of this spectacular property, Starwood Vacation Ownership is continuing its long and positive history in Hawaii. Starwood’s tradition in Hawaii dates back to the early 1960s, when our corporate parent came here as the first major hospitality brand on the Hawaiian Islands,” said Raymond L. “Rip” Gellein, Jr., Chief Executive Officer of Starwood Vacation Ownership, Inc. “The Princeville community is one of the most storied and respected in all of Hawaii, and we are excited to be a part of its future with the first Westin-branded timeshare in Kauai.”

A community-wide traditional ground blessing ceremony occurred during the ground breaking last June in which the Reverend Kahu Nani Hill presided. Also participating in the ceremonies officials from Starwood and community leaders including Mayor Bryan J. Baptiste.

The classic Hawaiian plantation style of the resort will complement the surrounding Princeville community. The resort features spacious two-bedroom lock-off villas designed to capture the modern luxury and style in keeping with the Westin name. The resort is designed to take advantage of the impressive views of the Pacific Ocean. Preconstruction prices of the deeded one-week interests begin in the low $30,000.

Guests and owners of The Westin Princeville Ocean Resort Villas may avail themselves of many of the services and amenities of the Princeville community including championship golf, horseback riding and the spa. “We continue to raise the bar by offering a world-class product and first-class service in some of the world’s most sought after destinations. The Westin Princeville Ocean Resort Villas will set a new standard of excellence and we predict that the property will sell out quickly,” said Gellein.

About Starwood Hotels & Resorts Worldwide, Inc.
Starwood Hotels & Resorts Worldwide, Inc. is one of the leading hotel and leisure companies in the world with approximately 850 properties in more than 95 countries and 145,000 employees at its owned and managed properties. Starwood(R) Hotels is a fully integrated owner, operator and franchisor of hotels and resorts with the following internationally renowned brands: St. Regis(R), The Luxury Collection(R), Sheraton(R), Westin(R), Four Points(R) by Sheraton, W(R), Le Meridien(R) and the recently announced aloft(SM). 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.

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