Starwood retains two Fijian hotels

10th Jul 2006

Starwood will retain ownership of two hotels located in Fiji, the Sheraton Fiji Resort and The Westin Royal Denarau Island Resort and SpaThese hotels were included in the original portfolio of 35 hotels to be acquired by Host Hotels & Resorts, Inc.

The purchase of the hotels had been deferred from the initial closing pending the receipt of certain consents.

Both parties mutually agreed that Starwood would discontinue the pursuit of those consents and will retain ownership of the hotels.

Host Hotels & Resorts, Inc. is a lodging real estate company that currently owns or holds controlling interests in 129 luxury and upper upscale hotel properties primarily operated under premium brands such as Marriott(R), Westin(R), Sheraton(R), Ritz-Carlton(R), Hyatt(R), W(R), Four Seasons(R), St. Regis(R), The Luxury Collection(R), Fairmont(R), Hilton(R) and Swissotel(R)*.


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