|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,
“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.
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