"Yokohama Bay Sheraton Hotel Towers is a magnificent hotel that is well designed to cater to the business traveler of today," said Ted Teng, president, Asia-Pacific division of Starwood Hotels Resorts Worldwide, Inc.

"Two of Starwood's hotel brands, Sheraton and Westin, have been making a big impact in Japan for the past few years, and the addition of Yokohama Bay Sheraton will provide travelers in Japan with a wider selection of excellent hotels in the Starwood group. We are very proud to be a partner with Sagami Railway to open this newest deluxe Sheraton Hotel in Yokohama."

Built at a cost of $368 million(A) (50 billion yen), the Yokohama Bay Sheraton Hotel Towers is owned by Sagami Railway Co. Ltd. The 28-story hotel commands a spectacular view of Yokohama Bay, the Rainbow Bridge and the downtown area.

Yokohama is one of the largest ports in the world and a major center of economic and technological activity. Based on its "Minato Mirai 21" (or "Future Port of the 21st century") major urban redevelopment project combining business, commercial, cultural and residential aspects, Yokohama aims to be a highly integrated international city in the next century. Major industries in Yokohama include shipping, auto manufacturing, oil refining, computers and other high technology-oriented industries.

Yokohama Bay Sheraton Hotel Towers is well sited to cater to the burgeoning business activities of the city. Located immediately across from the west entrance of the JR Yokohama Station, the fourth largest train terminal in Japan with more than two million passengers daily, the Yokohama Bay Sheraton will cater mainly to business travelers who will appreciate the convenience of the hotel's access to a major train station and to the business district. Leisure travelers will also enjoy the vast array of specialty shops and boutiques at the Yokohama Takashimaya Department Store and the Sotetsu Building, located adjacent to the hotel.

Its strategic location sets the Yokohama Bay Sheraton apart from the other hotels in the city. The hotel is easily accessible for travelers arriving by air, car or rail, located just 40 minutes by train from Tokyo's central station, about 90 minutes by train or limousine bus from Narita International Airport and about 35 minutes by airport limousine bus from Haneda Airport.

The Yokohama Bay Sheraton Hotel Towers offers 398 well-designed guest rooms,with the latest in modern facilities and telecommunications. Hotel facilities include:

• In-room modem connection for personal computers
• Two-line international direct dialing telephones with voice mail, including home country direct calling
• 40 Towers rooms (two floors) offering additional benefits such as complimentary continental breakfast, private Towers Lounge with all-day light refreshment, express check-in and check-out, secretarial services and meeting room.
• Eight restaurants and lounges, featuring cuisines ranging from Japanese, Chinese to a unique combination of French and New York cooking styles and food.
• Banquet and wedding facilities including a chapel, shrine, photo room, beauty salon and costume salon. Banquet facilities include seven function rooms that can accommodate meetings and receptions for groups from 30 persons to 1,000 persons. The largest banquet room, Nichirin, features natural materials such as wood and Japanese paper which creates a warm and elegant ambience.
• Facility for simultaneous interpretation of 12 languages for international conferences is available.
• Sports club with indoor swimming pool, gym and sauna
• Karaoke rooms
• Aesthetic salon with spa services including facials and body treatments
• Business center

NOTE(A): The U.S. dollar conversion is based on today's published exchange rate.