Construction on the $41 million project begins this month with an opening date scheduled for first quarter, 2003.  Rio de Janeiro-based STA Arquitectura, is the architect.

Barra da Tijuca is Rio de Janeiro�s fastest growing area, with a combination of a new residential and shopping area, restaurants and attractions, including the recently inaugurated Hard Rock Cafe and entertainment venues such as Rio Water Planet and Wet & Wild Theme Parks.  The area has shown major growth in the corporate segment, evidenced by the many multinational companies choosing to set up headquarters there.

The 14-floor hotel will be located on Sernambetiba Avenue, facing approximately 10 miles of beautiful beaches.  The facilities include two restaurants, one bar, two outdoor swimming pools and a Health Club with sauna, indoor pool, steam baths and Jacuzzi.  There will also be two squash courts and a playground for children.

Spacious meeting facilities totaling 11,000 square feet will cater to the needs of business events and conventions, and a business center, shopping arcade and 558-vehicle parking plaza will offer convenient service and comfort.

Sheraton Hotels and Resorts has more than 375 hotels in 67 countries and is the largest brand of Starwood Hotels and Resorts Worldwide, Inc.

Starwood Hotels & Resorts Worldwide, Inc. is one of the leading hotel and leisure companies in the world with more than 725 upscale and luxury properties in 80 countries and 120,000 employees at its owned and managed properties.