Sheraton Vistana Villages
International Drive Orlando

Starwood Vacation Ownership Announces Expansion
of Sheraton Vistana Villages in Orlando

Starwood Vacation Ownership announced the continued expansion of its new flagship resort, Sheraton Vistana Villages, located at 12401 International Drive in the heart of Orlando's theme park attractions.

The current expansion phase will increase the number of units at the property to 510 units, which will include 200 new villas, a new swimming pool complex, a new recreation building that will house a second fitness center, game room and arcade, as well as an activities desk with sports, pool games and equipment.

Sheraton Vistana Villages opened in 2000 as the first newly built Starwood Vacation Ownership property after the 1999 purchase of Vistana, Inc.- one of the bluechip independent vacation ownership developers - by Starwood Hotels & Resorts Worldwide. The current expansion is expected to be completed in the third quarter of 2006. Once this phase is complete, construction will begin on the next phase. Upon total completion Sheraton Vistana Villages will have 1,415 villas.

"Sheraton Vistana Villages is one of our most successful resorts and we are pleased to continue its expansion. Orlando is the most popular destination for the vacation ownership industry and expansion of this resort will increase our presence in this important market," Raymond L. "Rip" Gellein, Jr., Chief Executive Officer of Starwood Vacation Ownership, Inc.

Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) 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, 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

"This is neither an offer to sell nor a solicitation to buy to residents in states in which registration requirements have not been fulfilled."

Sheraton Vistana Villages
12401 International Drive
Orlando, Florida 32821
For Reservations
Call toll free at 1-800-396-1883
International Calls: 407-239-3553
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