WHITE PLAINS, N.Y., Feb. 26 /PRNewswire/ -- Starwood Hotels & Resorts
Worldwide, Inc. (NYSE: HOT) announced today that it has declared its regular
quarterly dividend of $0.20 per share for the Company's first quarter ending
March 31, 2001. The $0.20 per share dividend reflects a 16% increase over the
previous dividend rate. The dividend will be payable on April 23, 2001 to
shareholders of record on March 31, 2001.
Starwood Hotels & Resorts Worldwide, Inc. is one of the leading hotel and
leisure companies in the world with more than 725 properties in 80 countries
and 120,000 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 us at http://www.starwoodhotels.com.
(Note: This release contains certain statements that may be deemed
"forward-looking statements" within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.
Forward-looking statements are not guarantees of future performance and
involve risks and uncertainties that could cause actual results to differ
materially from historical results or those anticipated at the time the
forward-looking statements are made, including, without limitation, risks and
uncertainties associated with the following: the continued ability of Starwood
Hotels and Resorts (the "Trust") to qualify for taxation as a REIT; Starwood's
ability to attract and retain personnel; completion, terms and timing of
future acquisitions and dispositions; the availability of capital for
acquisitions and for renovations; execution of hotel renovation and expansion
programs; the ability to maintain existing management, franchise or
representation agreements and to obtain new agreements on favorable terms;
competition within the lodging industry and from emerging technologies, the
cyclicality of the real estate business; and the hotel business; foreign
exchange fluctuations and exchange control restrictions; general real estate
and national and international economic conditions; political, financial and
economic conditions and uncertainties in countries in which Starwood owns
property or operates; and the other risks and uncertainties set forth in the
annual, quarterly and current reports and proxy statements of the Trust and
Starwood. Starwood undertakes no obligation to publicly update or revise any
forward-looking statement, whether as a result of new information, future
events or otherwise.)
SOURCE Starwood Hotels & Resorts Worldwide, Inc.
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Related links:
http://www.starwoodlodging.com
Company News On-Call:
http://www.prnewswire.com/comp/443150.html or fax,
800-758-5804, ext. 443150
CONTACT:
Dan Gibson of Starwood Hotels & Resorts
Worldwide, Inc., 914-640-8175
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