W Drops The Court and The Tuscany From Its NYC Hotels

Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) has signed an agreement to sell W New York – The Court and W New York – The Tuscany to St. Giles Hotels, LLC, a hotel owner and operator, operating under the St. Giles Hotel's new contemporary brand.

The sale, which is subject to customary closing conditions, is expected to close on April 15, 2010. On this date, W The Court and W The Tuscany will no longer be affiliated with the W Hotels brand or Starwood Hotels & Resorts. The hotel’s new owner has advised that they will honor all local negotiated rates previously signed by W The Court and W The Tuscany. For further information on St. Giles Hotels, please call 1-888-406-8588 or visit www.StGilesNewYork.com.

W Hotels currently has four hotel properties in the New York metro area and will expand its footprint this summer with the opening of W New York – Downtown. New York City, the birthplace of the W brand more than 10 years ago, continues to be a priority market for the Company.

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