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 Managed Under the Westin Brand Since 1976, Owners of the
Westin Philippine Plaza Plan to Discontinue
the Westin Affiliation
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November 14, 2005 - Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) and Philippine Plaza Holdings, Incorporated announce that the management agreement of The Westin Philippine Plaza  will cease on December 31, 2005.  The hotel is owned by Philippine Plaza Holdings Incorporated and has been managed under the Westin brand since 1976.  
 
Philippine Plaza Holdings Incorporated and Starwood/Westin have enjoyed a 29 year long, cordial relationship. Upon reaching the contract renewal date, both companies discussed and re-evaluated their strategies for the future and mutually agreed to discontinue the management of the hotel under the Westin brand.  
 
The 645-room hotel was the first Westin hotel to be introduced into Asia Pacific. The Westin Philippine Plaza is Manila's only business and convention hotel in a resort setting. The hotel is located on the historic Manila Bay and situated within the country's biggest convention complex.
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Contact:

Hwee Peng
Hwee-Peng Yeo
Corporate Communications Manager
Starwood Asia Pacific Hotels & Resorts Pte Ltd
6 Temasek Boulevard
# 40-01 Suntec Tower Four
Singapore 038986 
  hweepeng.yeo@starwoodhotels.com
Tel : +65 6335 4837
www.starwoodhotels.com

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Also See: Robinsons Land Corporation Awards Two Manila Hotel Management Contracts to InterContinental Hotels Group / May 2003
Six Continents Hotels, Managing Company of Holiday Inn Manila, Gives Termination Notice to Hotel Owner Acesite Hotel Corporation / Jan 2003

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