Four Points by Sheraton Hyannis Arrives on Cape Cod; Hyannis Property Further Enhances Brand's Expansion in Resort and Leisure Destination Markets.

Business Editors/Travel Writers

WHITE PLAINS, N.Y.--(BUSINESS WIRE)--April 26, 2004

Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) announces the reflagging of the Sheraton Hyannis Resort in Hyannis, Massachusetts to the Four Points by Sheraton Hyannis Resort. The Four Points by Sheraton Hyannis is ideally situated in Hyannis, Massachusetts, on Cape Cod, a popular Northeast vacation destination spot for the leisure traveler known for its scenic beauty and local beachside attractions. The property has recently completed a refurbishment program including upgrading of bedding, bathrooms and guestrooms. In addition, the lobby has been given a facelift including installation of new carpeting and furniture as well as touching up the exterior.

"This hotel demonstrates a new direction for the brand in terms of our expansion into resort and leisure market destinations," said Hoyt H. Harper II, senior vice president of Four Points by Sheraton brand. "Cape Cod's tradition and reputation as one of the Northeast's most affordable vacation playgrounds is well-known with vacation-goers around the country. We are thrilled to be opening this property as a Four Points by Sheraton, since the area fits in perfectly with our demographic profile as a mid-priced affordable hotel chain. Plus, Cape Cod is easy driving distance for vacationers traveling from either of the region's two major population centers - Boston and New York."

The Four Points by Sheraton Hyannis is situated on 52 beautifully landscaped acres featuring 224 deluxe guest rooms with private patios, indoor/outdoor pools, one of Cape Cod's most comprehensive fitness centers, whirlpool and full-service Vista Del Mar Spa offering five treatment rooms. The resort also features the 18-hole par-3 Twin Brooks Golf Course, renowned in the area for the conditions of its greens. Guests can enjoy beautiful golf course views from the magnificent outdoor pool. Guestrooms are equipped with complimentary high-speed Internet access. Meeting space facilities are also equipped with high-speed Internet access. The resort offers 30,000-square feet of meeting space including the 12,000-square foot Grand Ballroom accommodating up to 900 people. A fully equipped business center is also located on-premise.

The resort is situated in the heart of downtown Hyannis, Cape Cod's historic capital of shopping, dining and entertainment. Hyannis' best public beaches are located less than one nautical mile from the resort. The resort's location is perfect for nearby excursions to historic Plimouth Plantation, the breathtaking scenic beauty of Martha's Vineyard and Nantucket Island, whale watching cruises and Cape Cod National Seashore. The picturesque charm of Main Street, Hyannis featuring an eclectic mix of retail stores, antique shops and restaurants is only minutes away from the resort.

Four Points by Sheraton hotels are located at airports, in mid-sized cities, leisure destinations, and business and commercial centers. Our hotels cater to business and leisure travelers as well as meeting planners seeking a quality, mid-priced value-oriented product. In addition to the high-speed Internet access services, key features include an on-premise restaurant serving cooked-to-order breakfast, complimentary bottled water in-room, room service with a 30-minute delivery guarantee, swimming pools, fitness facilities, business services and meeting space with catering facilities.

Four Points by Sheraton, with 136 properties in 16 countries, is owned by Starwood Hotels & Resorts Worldwide, Inc. is consistently rated as a top performer in the mid-priced category by Business Travel News' "Annual U.S. Hotel Chain Survey." Starwood Hotels & Resorts is one of the leading hotel and leisure companies in the world with more than 740 properties in more than 80 countries and 110,000 employees at its owned and managed properties. With internationally renowned brands, Starwood is a fully integrated owner, operator and franchisor of hotels and resorts including: St. Regis, The Luxury Collection, Sheraton, Westin, Four Points by Sheraton, W brands, as well as Starwood Vacation Ownership, Inc., one of the premier developers and operators of high quality vacation interval ownership resorts. For more information, please visit www.starwood.com.

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

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