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 O&S Holdings, LLC Building 200-room Westin Hotel
and Conference Center in Huntsville, Alabama; 
Will Include 40 Privately-owned Residences

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WHITE PLAINS, N.Y. - Dec. 9, 2004 -- Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) has completed an agreement with O&S Holdings, LLC to operate a new 200-room luxury hotel and conference center under its upper-upscale Westin brand in Huntsville, Alabama. The facility will also include 40 privately-owned residences occupying the top five floors of the 12-story complex.

The Westin Huntsville, slated to open in fall 2006, will be located in the heart of Cummings Research Park - the second largest research park in the United States and the fourth largest in the world. The hotel will be the centerpiece of the $200 million O&S Holdings BridgeStreet development - a neo-urban upscale lifestyle center complete with shopping, dining, entertainment, office, apartments and residences. BridgeStreet is also scheduled to open in the fall of 2006.

"We're thrilled that the Westin brand is coming to Huntsville, which will be our first property in the state of Alabama," said Sue Brush, Westin's senior vice president. "The city is an important regional business center and home to several Fortune 500 technology companies situated in eleven industrial and research parks in the area."

O&S Holdings, LLC was formed in 1992 by Gary Safady and his cousin, Paul Orfalea, founder of Kinko's. O&S Holdings and its affiliates own or have developed eighty properties in the United States, and currently developing two major projects in the United States. Louisiana Boardwalk - an 850,000 square foot waterfront entertainment and outlet shopping center anchored by Bass Pro Outdoor World and a 14 screen Regal Theater is scheduled to open in Spring, 2005 and the World Famous BridgeStreet in Huntsville - a $210 million mixed-use project located in Huntsville, Alabama, scheduled to open in Fall, 2006 are currently under development. O&S Holdings recently opened Foothills Crossings - a 315,000 square foot power center located 30 miles east of Los Angeles and contains a new prototype 180,000 square foot Sears Grand.

Westin brings modern luxury to Huntsville delivering unmatched comfort and outstanding service in an environment characterized by an elegant, calming and subdued sense of style. Guests at The Westin Huntsville will enjoy amenities such as rooms equipped with a large work area and a two-line speakerphone, wireless high speed Internet access, fully-stocked refreshment center, and in-room movies.

Westin's signature Heavenly Beds(R) will be featured in every room. The Westin Huntsville will also feature the brand's other "heavenly" product - its highly acclaimed Heavenly Bath(R), which includes a custom-designed dual showerhead that provides guests with a therapeutic shower spa, featuring several spray options, from light mist to massaging needles and a curved shower rod that adds an extra eight inches of elbow room.

Westin Hotels & Resorts, with 122 hotels and resorts in 30 countries and territories, is owned by Starwood Hotels & Resorts Worldwide, Inc. Starwood Hotels & Resorts Worldwide, Inc. is one of the leading hotel and leisure companies in the world with more than 750 properties in more than 80 countries and 110,000 employees at its owned and managed properties. 


 
Contact:
Marshall Management
www.marshallhotels.com
Also See: John Q. Hammons Developing a $40-million, 300-suite Embassy Suites Hotel in downtown Huntsville, Alabama / July 2003
The Impact Group Planning to Raze the Days Inn it Owns In Tampa; Will Replace with 200 room Westin Hotel / October 2004
Kemper Development Company Selects Starwood to Manage 337-room Luxury Hotel in Bellevue, Washington Under its Westin Brand / October 2004


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