Starwood Projects Expands And Includes More Timeshare

Starwood Vacation Ownership (SVO), a division of Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT), today announced its continued expansion plans including new construction on more thana dozen properties throughout the continental U.S., Hawaii, Mexico,and the Caribbean.

The plan will add more than 1,600 new villas to theCompany's portfolio of properties currently operating under theSheraton, Westin and St. Regis brands. The Company will have more than 6,000 villas in total upon final completion of the announced resorts.

"Starwood Vacation Ownership continues its robust growth under our Sheraton, Westin, and St. Regis brands, driving our aggressive expansion plans in new and existing domestic and internationalmarkets," said Raymond L. "Rip" Gellein, Jr., chief executive officerof Starwood Vacation Ownership, Inc. "

With new projects launching inNew York City, Aruba, Mexico, and Hawaii, expansion projects atseveral existing resorts, and sales underway or planned for all these locations combined, 2006 is sure to be another record-breaking year for us."

Starwood Vacation Ownership's 2006 expansion plans include the following resort:

Westin Princeville Ocean Resort Villas, Kauai. This new property, the first Westin-branded timeshare resort in Kauai, is under construction, and sales commenced in February. The mixed-use resort includes a two-story clubhouse and seven two- and three-story guest buildings with 179 two-bedroom lock-off units and six hotel units. The first units are scheduled to open in early 2008.

...more timeshare resorts, timeshare is a huge demandand is on the up and up...

Starwood Vacation Ownership Embarks on Major Domestic and International Expansion Projects; Construction at St. Regis, Westin and Sheraton Properties will Include More Than 1,600 New Units | Nachrichten |

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