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 The RFS Hotel Investors Owned Sheraton Clayton Plaza Hotel Completes Renovation and Rebranding
 
WHITE PLAINS, N.Y., Aug. 4, 1999 - Business travelers have a new hotel option in St. Louis, thanks to this month�s rebranding of a hotel in the upscale suburb of Clayton, Mo. The 257-room Sheraton Clayton Plaza Hotel was rebranded as a Sheraton after a $10 million renovation by owning company RFS Hotel Investors. RFS also owns and manages four Starwood hotels in California (two Sheratons and two Four Points by Sheraton) and one in Birmingham, Al.

�The Sheraton Clayton Plaza Hotel will be an excellent addition to the Sheraton portfolio,� says Ted Darnall, president, North America for Starwood Hotels Resorts Worldwide Inc.�Hotel Group. �RFS has made a significant investment in this hotel, bringing it up to the standards of the discerning corporate and business travel markets. This property will complement our two other hotels in St. Louis, the Sheraton West Port Hotel Lakeside Chalet and the Sheraton West Port Hotel Plaza.�

The hotel�s 257 rooms include 14 one-bedroom suites, three two-bedroom suites and 22 Club rooms with upgraded amenities and services. Included among the Club room are eight Smart RoomsK which provide guests with a larger desk area with more work space, an ergonomically designed desk chair, enhanced lighting and an in-room printer/copier/fax machine.

Located in the heart of the Clayton financial district, the Sheraton Clayton Plaza is conveniently located just nine miles from downtown St. Louis and St. Louis International Airport at 7730 Bonhomme Avenue. The hotel opened in 1964 as an independent property, becoming a Holiday Inn 11 years later.  Sheraton Hotels Resorts has more than 375 hotels in 63 countries and is a subsidiary of Starwood Hotels Resorts Worldwide, Inc. Starwood, through its Sheraton, The Luxury Collection, Westin, Four Points, W and Caesars subsidiaries, is one of the leading hotel companies in the world with more than 700 hotels in 76 countries and 185,000 employees at its owned, managed, leased and franchised properties.
 

RFS Hotel Investors, Inc. is a real estate investment trust (REIT) owning 60 hotels with approximately 8,900 rooms in 24 states. 

The pioneer of the modern day hotel REIT structure, RFS Hotel Investors has increased FFO per share by a compound annual growth rate of 18.3% over the past five years, and its dividends to shareholders by 56% in the same period. 

 
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Contact:
Deborah Bernstein, 
914-640-8361 
or Jodi Barrack, 914-640-8259, 
of Sheraton Hotels Resorts
 
Also See: RFS Hotel Investors, Inc Reports YTD 3rd Qtr Occupancy Down 1.2% / J. William Lovelace Appointed President COO / Oct 1998 
Using Technology and Innovation the Club Hotel by Doubletree - St Louis Airport Is Able to Guarantee Non-Smoking Rooms / May 1999 

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