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A New Build St. Regis Hotel Under Development in Mexico City; Architect
Cesar Pelli Designing the 189 room and 100 Private Residence Building
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WHITE PLAINS, N.Y. - Sept. 29, 2005 -- Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) announced today plans to build the first St. Regis Hotel in Latin America. Scheduled to open in 2007, the St. Regis Hotel, Mexico City is owned by Grupo 1818, a group of several prominent Mexican real estate investors and developed by Ideurban Consultores, one of the largest real estate development companies in Mexico. When it debuts, the St. Regis Hotel, Mexico City will boast the city's most luxurious accommodations, targeting discriminating travelers and locals alike with 189 luxuriously appointed guest rooms and suites and approximately 100 stunning private residences. 

Known for its signature butler service, exquisite design and indulgent spas, St. Regis is among the world's most revered luxury hotel brands with 10 award-winning properties around the globe. As with all St. Regis properties, the St. Regis Hotel, Mexico City will boast a second-to-none location, ideally situated on distinguished Reforma Avenue. Hotel guests and Residence owners will enjoy full access to the hotel's opulent services and amenities including its butler service, an exclusive Remede Spa, fine dining restaurants and wine cellar. 
"We continue to aggressively yet very selectively grow the St. Regis brand, setting our sites on only the most desirable addresses, and we consider Mexico City to be among the world's most vibrant international destinations, and this particular location especially stellar," said Stephen Alden, Senior Vice President of St. Regis Hotels & Resorts. 

Reputed for working with the world's finest architects and designers, the St. Regis Hotel, Mexico City will unveil a landmark building designed by renowned architect Cesar Pelli, recognized worldwide for such remarkable structures as the Torre de Cristal in Barcelona and the International Finance Center in Hong Kong. Toronto's Yabu Pushelberg will oversee the interior design of the building, masterfully utilizing design elements that reflect a contemporary style executed in the finest finishes. Yabu Pushelberg is also heading the interior design of the highly-anticipated St. Regis Hotel, San Francisco, which will open this November. 

"We are thrilled to be partnering in this exceptional project with the finest professionals in their respective fields, including Pelli Studios for architecture, Yabu Pushelberg for interior design, and St. Regis, a brand which is setting the standard for luxury hospitality," said Mr. Isaac Hamui president of Grupo 1818. 

"As the St. Regis brand's first foray into Latin America, this is an extraordinary announcement for the region. Mexico City is an exceptional destination for both business and leisure travelers and we are proud to be able to add this splendorous property to the already remarkable portfolio of hotels and Starwood owns and manages in the country," said Osvaldo Librizzi, President Starwood Hotels & Resorts, Latin America Division. 

St. Regis has made significant strides into the luxury residential real estate market with exclusive St. Regis Residences in New York, San Francisco, Aspen, Fort Lauderdale, Anguilla and Singapore, all of which are under development. 

Starwood Hotels & Resorts, the parent of St. Regis Hotels & Resorts, has enjoyed a long and prosperous history in Mexico with 22 hotels and resorts nationwide and four hotels in Mexico City including the Sheraton Maria Isabel Hotel & Towers and the W Mexico City. 

About Grupo 1818: Grupo 1818, S.A. de C.V. is a group of private investors with a broad range of experience in the construction industry and real estate development. This visionary company is an active participant in the development of the Mexican tourism industry. 

About IDEURBAN: Established in 1974, IDEURBAN is one of Mexico City's leading urban development companies delivering a complete range of integrated real estate solutions and construction services. Supporting the needs of communities, governments, commerce and industry on a local, national, and international basis, the company has led projects in markets ranging from hospitality, residential, retail and commercial to highway infrastructure, mixed-use developments and urban planning. IDEURBAN is recognized for its skilled professional staff and its commitment to the highest quality and ethical standards. The company is currently involved in the development of the three largest private-sector construction projects in Mexico City, including the St. Regis Hotel. 

Starwood Hotels & Resorts Worldwide, Inc. is one of the leading hotel and leisure companies in the world with approximately 750 properties in more than 80 countries and 120,000 employees at its owned and managed properties. With internationally renowned brands, Starwood(R) corporation is a fully integrated owner, operator and franchisor of hotels and resorts including: St. Regis(R), The Luxury Collection(R), Sheraton(R), Westin(R), Four Points(R) by Sheraton, and W(R), Hotels and Resorts as well as Starwood Vacation Ownership, Inc., one of the premier developers and operators of high quality vacation interval ownership resorts.

This press release contains forward-looking statements within the meaning of federal securities regulations. 

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Contact:

St. Regis Hotels & Resorts
Meg Byrne, 212-339-6734
megan.byrne@stregis.com
or
Starwood Hotels & Resorts
Mark Ricci, 914-640-8496
mark.ricci@starwoodhotels.com
 

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Also See: Elias Assaly Appointed General Manager of the St. Regis Hotel and Residences San Francisco; The 260-room Hotel and 102 Residences Set to Open in Summer 2005 / December 2004
No Shortage of Takers for Condos on Top Floors of New York's Plaza and St. Regis Hotels / November 2004

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