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Tower with 250 Hotel Rooms and 82 Residences, Will Anchor The Bridges of Saint Paul Development |
 WHITE
PLAINS, N.Y. - March 8, 2006 -- Starwood Hotels & Resorts Worldwide,
Inc. (NYSE:HOT) and JLT Group, Inc. announced today their agreement to
open The Westin Saint Paul Hotel & Residences at The Bridges of Saint
Paul, JLT's planned two-million mixed-use development at the northern gateway
on the Mississippi River. The Westin Saint Paul Hotel & Residences
will feature a 30-story tower consisting of 250 deluxe guest rooms and
suites and 82 residences with expansive river views. Plans call for a total
community consisting of homes, shops, restaurants, outdoor recreation,
office space and Mythica: The Center for World Mythology and Human Journey,
a unique public attraction. The hotel, expected to be open by Fall 2008,
will be owned and developed by JLT Group, Inc., managed by Wischermann
Partners and licensed as a Westin under a long-term franchise agreement.
"The beauty, amenities and services at The Bridges of Saint Paul will be an ideal environment for Westin," said Sue Brush, senior vice president for Westin Hotels & Resorts. "This partnership will enable Westin to offer guests staying with us in St. Paul the services, products and amenities that provides them a sense of rejuvenation, so that they may feel better when they leave than when they arrived." "Westin is known for being the best of the best," said Jerry Trooien, developer of The Bridges of Saint Paul and The Westin Saint Paul Hotel & Residences. "Our agreement to open a Westin at The Bridges of Saint Paul speaks to the quality of the entire development and Starwood's belief in this city as a major destination." Guest and residences will enjoy all of the signature services and amenities that travelers have come to expect from Westin that speak to the brand's positioning around personal renewal, including Westin's Heavenly Bed(R) and Heavenly Bath(R), WestinWORKOUT(R) Powered by Reebok fitness facility and WestinWORKOUT guest rooms. In addition, all Westin hotels in the U.S., Canada and the Caribbean are designated as smoke-free as of February 2006. Additional guest services will include a destination restaurant, cafe and lounge, 24-hour in room dining and catering and 12,000-square feet of meeting space and a ballroom. Westin Hotels & Resorts, with 121 hotels and resorts in 31 countries
and territories, is owned by Starwood Hotels & Resorts Worldwide, Inc.
(NYSE: HOT). It was ranked "Highest in Guest Satisfaction Among Upscale
Hotel Chains." in the J.D. Power and Associates' 2004 North America Hotel
Guest Satisfaction Study(SM) and voted "Best Domestic Hotel Chain" by Global
Traveler Magazine. Starwood Hotels & Resorts Worldwide, Inc. is one
of the leading hotel and leisure companies in the world with approximately
850 properties in more than 95 countries and 145,000 employees at its owned
and managed properties. Starwood(R) Hotels is a fully integrated owner,
operator and franchisor of hotels and resorts with the following internationally
renowned brands: St. Regis(R), The Luxury Collection(R), Sheraton(R), Westin(R),
Four Points(R) by Sheraton, W(R), Le Meridien(R) and the recently announced
Aloft(SM). Starwood Hotels also owns Starwood Vacation Ownership, Inc.,
one of the premier developers and operators of high quality vacation interval
ownership resorts. For more information, please visit www.starwoodhotels.com.
ABOUT JLT GROUP, INC. The Bridges of Saint Paul, including The Westin Saint Paul Hotel & Residences, is being developed by JLT Group, Inc., a privately owned company engaged in investment, development and asset management with a significant focus on real estate. The company owns and manages millions of square feet of office, commercial and industrial real estate in the Twin Cities. This press release contains forward-looking statements within the meaning of federal securities regulations. |
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