WHITE PLAINS, N.Y., Jul 1, 2002 (BUSINESS WIRE)—Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) announced today that it will release the Company`s second quarter financial results prior to market open on Thursday, July 25, 2002, followed by a conference call at 10:30 a.m. (eastern).

The conference call will include a brief discussion of the quarter followed by questions and answers. The call will be moderated by Dan Gibson, Senior Vice President, Corporate Affairs and will include remarks by Barry Sternlicht, Chairman and Chief Executive Officer and Ron Brown, Executive Vice President/Chief Financial Officer.

Participants may listen to the simultaneous webcast of the conference call by logging onto the company website http://www.starwood.com, choosing “Press Releases” within the Investor Relations section of the website at 10:30 a.m. eastern.

In addition, a replay has been arranged, which will air from Thursday, July 25 at 1:30 p.m. (eastern) through Thursday, August 1 at 8:00 p.m. The replay will be available on the Company`s website or by dialing 719/457-0820 (access code is 343019).

Starwood Hotels & Resorts Worldwide, Inc. 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 franchiser of hotels and resorts including: St. Regis(R), The Luxury Collection(R), Sheraton(R), Westin(R), Four Points(R) by Sheraton, W(R) 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 us at www.starwood.com.

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