Starwood Hotels to Present Business Strategy, Three-Year Outlook

Starwood Hotels & Resorts Worldwide, Inc. announced that President and Chief Executive Officer Frits van Paasschen and other members of the company’s senior management team will present Starwood’s business strategy, key initiatives and three-year financial outlook during the company’s 2010 Investor Day to be held this week in New York City.

The company’s three-year financial scenario assumes a normal cyclical recovery with annual worldwide RevPAR increases of 7 to 9 percent through 2013, which would result in annual EBITDA growth of 14 to 18 percent, annual EPS growth of 35 to 42 percent, and excess cash flow of $1.7 billion to $2.2 billion (not inclusive of cash proceeds from any asset sales) over this time period. At the meeting, the company will also reaffirm its current full-year guidance for 2010, which was detailed in its third-quarter 2010 earnings press release.