Westin and Sheraton Checking-In to Grand Bahama

WHITE PLAINS, N.Y.—(BUSINESS WIRE)—Nov. 26, 2002—Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) signed a management contract to operate the prestigious Our Lucaya Beach & Golf Resort on Grand Bahama Island, one of the largest resorts in the Caribbean.

The three distinct areas of the resort complex are slated to be reflagged The Westin at Our Lucaya Beach & Golf Resort and Sheraton at Our Lucaya Beach & Golf Resort in February 2003. The sprawling 372-acre, 1,270-room resort complex features two 18-hole PGA level golf courses, a spa and fitness center, 15 themed restaurants and lounges, flanked by seven and a half acres of pristine white sand and sparkling water. The property is owned by the Hutchison Whampoa Group of Hong Kong.

“We look forward to raising the Westin and Sheraton flag on this most spectacular resort,” said Robert Cotter, chief operating officer for Starwood. “The components of the resort complex are a perfect match for our Westin and Sheraton brands. This property truly enhances our illustrious portfolio of some of the world`s most prized resorts and will strengthen Starwood`s presence in the Caribbean.”

Raymond Chow, group managing director of Hutchison Whampoa Properties and Hotels Group, said, “Since its opening in 2000, Our Lucaya has fast become a popular resort for visitors from the U.S., Canada and other international destinations We are very pleased to have Starwood, a leading hotel and leisure company with an extensive global marketing network, on board to further develop these important markets for the Resort. We look forward to working together with Starwood to make Our Lucaya a leading destination of choice for U.S. and international visitors in the Caribbean.”

Following an investment of more than $400 million, the resort opened in December 2000 and is the most comprehensive resort complex on Grand Bahama Island. The three hotel wings within the resort complex are Lighthouse Pointe, Breakers Cay and Reef Village each with spectacular views of tropical gardens, yacht-filled Port Lucaya Marina, Bell Channel waterway or the snow-white sandy beach.


Lighthouse Pointe and Breakers Cay will become The Westin at Our Lucaya with a total of 751 rooms. The intimate, tranquil Lighthouse Pointe features 225 rooms, including 26 elegantly furnished luxurious suites with direct beach access. Breakers Cay, a luxurious 10-storey high-rise will offer 526 rooms with 81 Westin Executive Club rooms with an exclusive Club Lounge, each with balconies and views of the pool, gardens, ocean or Grand Lawn. All guest rooms will be outfitted with Westin`s signature Heavenly Bed(R) and Heavenly Bath(TM). Guests will enjoy the brand`s outstanding array of services that today`s affluent, professional business and leisure travelers have come to expect from Westin.

The 519-room Reef Village will fly the Sheraton flag. Catering to the needs of families, the Sheraton at Our Lucaya features 12 suites with living area, furnished balconies and efficiency kitchens. Within the Village is the themed Sugar Mill Pool with waterslides and waterfalls an attraction for both adults and children. Guests will enjoy Sheraton`s newly introduced Sheraton Sweet Sleepersm Bed and all of the upscale quality amenities and services associated with the Sheraton brand.

As a perfect location for business or pleasure, the resort complex is located adjacent to Port Lucaya on Grand Bahama Island, a brief 35 minute flight from Miami and only a 2 hour and 15 minute direct flight from New York`s Laguardia Airport. The resort complex offers an outstanding and diverse selection of entertainment venues. Within walking distance is an adjacent 39,000 square-foot casino, set to open in the first quarter of 2003, and more than 90 sophisticated shops, local restaurants and nightclubs. Guests of both the Westin and Sheraton will have access to all of the amenities of the resort complex including a 10,350 square-foot spa and fitness center; the resort`s golf and tennis facilities, four pools, featuring swim-up bars and an infinity pool; a vast array of water sports activity areas and a children`s camp.

As the host of the winners of the four major tournaments on the Senior PGA tour in the 2000 “Our Lucaya Senior Slam,” the resort`s golf offerings stand out as among the best. The 18- hole Lucayan Course, designed by Dick Wilson is known for its tight fairways and emphasis on precision. Designed by Robert Trent Jones, The Reef Course boasts 18-holes of wide fairways and combines the best of island golf with traditional course design.

With 90,000 square feet of indoor and outdoor flexible meeting space, the resort is an ideal location for corporate groups. The Manor House, an authentically designed colonial-style house, offers a unique venue for conferences and business gatherings with direct access to an elegant lanai on the beach. Additionally, there is a 40,000 square-foot conference center with a 16,000 square foot ballroom, 16 meeting rooms and approximately 44,000 square feet of outdoor meeting space.

Guests who stay at The Westin at Our Lucaya and the Sheraton at Our Lucaya will be able to earn their way toward free travel through the Starwood Preferred Guest(R) program, consistently rated the best hotel frequency program in the world. With more than 700 participating hotels and resorts around the world, the program is the industry`s most global and offers a structure focused on simplicity, flexibility in redemption options and inclusion of all Starwood`s brands.

Starwood is one of the leading hotel and leisure companies in the world with more than 750 properties in 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.