Starwood closes on sale of Venice hotel

Starwood announced that it has closed on the sale of the Westin Europa & Regina hotel in Venice Italy to an affiliate of Host Hotels & Resorts, Inc.This hotel is part of the portfolio of 35 hotels to be sold to Host.

The closing of this hotel was deferred as a result of certain notice periods and consents that had not been received prior to the closing of the sale of 28 of the hotels on April 10, 2006 and four hotels on May 3, 2006. The hotel will remain in the Starwood system and continue to be managed by Starwood under a long-term management agreement.
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