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ITT SHERATON CORPORATION NAMES OSVALDO LIBRIZZI PRESIDENT, LATIN AMERICA DIVISION

 BOSTON, June 16 /PRNewswire/ -- ITT Sheraton Corporation announced today that Osvaldo Librizzi has been promoted to the position of president, Latin America Division and managing director, Sheraton Buenos Aires Hotel & Towers effective immediately, based in Buenos Aires.
 "Osvaldo has contributed immensely to the strong success that our Latin America Division has earned over the years, and this promotion reflects that achievement," said John Kapioltas, chairman and chief executive officer, ITT Sheraton Corporation. Librizzi will report to John V. Giovenco, president and chief operating officer, ITT Sheraton Corporation.
 Librizzi brings to his new position 18 years of experience with the company is Latin America and the Caribbean.
 "The Latin America Division is ITT Sheraton's most profitable, and our leading position there is enhanced by the continuity Osvaldo delivers," said John V. Giovenco.
 Librizzi joined ITT Sheraton in 1975 as assistant controller at the Sheraton Buenos Aires, from which he was promoted to key executive positions in Lima, Peru, Latin America and Caribbean Division; Santiago, Chile; area manager, South America in 1984; vice president, Latin America and Caribbean Division; area manager, South America (1985-1988); and senior vice president, area manager, South America (1988-1989). Librizzi was also general manager, Sheraton Buenos Aires. Most recently, Librizzi was senior vice president, ITT Sheraton Corporation, director of operations, Latin America Division.
 Librizzi is a graduate of the University of Buenos Aires and is a Certified Public Accountant.


About ITT Sheraton's Latin America Division
 ITT Sheraton's Latin America Division consists of 13 hotels representing more than 5,000 guest rooms. By country, there are six properties in Mexico, three in Brazil, and one respectively in Argentina, Chile, Peru and Venezuela. The division's headquarters are in Buenos Aires, Argentina.
 In Latin America, ITT Sheraton's products include hotels, resorts and towers, the company's hotel-within-a-hotel concept. Among these, six hotels are members of ITT Sheraton's Luxury Collection, the company's most distinctive and distinguished hotels, resorts and towers around the world.
 Luxury Collection members are the 244-room Sheraton Mofarrej Hotel & Towers in Sao Paulo; the 368-room Sheraton San Crisobal Hotel & Towers; and the Sheraton Towers in Buenos Aires, Rio de Janeiro, Cancun and Sheraton Maria Isabel in Mexico City. In Mexico, ITT Sheraton properties are in Acapulco, Cancun, Huatulco, Ixtapa, Mexico City and Puerto Vallarta. Locations in Brazil include Recife, Rio de Janeiro and Sao Paulo. Others are in Buenos Aires, Argentina; Santiago, Chile; Lima, Peru; and Caracas, Venezuela.
 Boston-based ITT Sheraton Corporation, a subsidiary of ITT Corporation (NYSE: ITT), is a worldwide lodging company with more than 400 owned, leased, managed and franchised properties including 293 luxury and upscale hotels, resorts and all-suites and 121 mid-priced inns in 61 countries.
 -0- 6/16/93
 /CONTACT: Dolores M. Sanchez, 617-367-5481 or Bonnie Crissman 305-340-0047 both of ITT Sheraton/
 (ITT)


CO: ITT Sheraton ST: Massachusetts IN: LEI SU:

CM -- NE013 -- 2718 06/16/93 15:44 EDT
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Date:Jun 16, 1993
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