Starwood Hotels & Resorts Worldwide, Inc Announces Intent to De-List Class B Shares from the New York Stock Exchange in Connection with the Host Marriott Transaction

Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT)("Starwood") announced today that in connection with the previouslyannounced transaction with Host Marriott Corporation (NYSE: HMT)("Host") and the acquisition by a subsidiary of Host of Starwood'ssubsidiary, Starwood Hotels & Resorts (the "Trust"), Starwood intendsto withdraw the Class B shares of the Trust from listing on the NewYork Stock Exchange (the "NYSE") after the market closes today. TheClass B shares of the Trust are currently paired and trade together asa unit on the NYSE under the symbol "HOT". Starwood anticipates thatthe Class B shares of the Trust and the common stock of theCorporation will be depaired after the market closes today, inanticipation of the closing of the transaction with Host on themorning of April 10, 2006, which is subject to certain conditions. Itis expected that shares of common stock of Starwood will begin tradingseparately under the symbol "HOT" on the NYSE on Monday morning, April10, 2006.

Under the terms of the transaction with Host, Starwoodshareholders will receive 0.6122 shares of Host common stock and 50.3cents in cash for each Class B share they own. Based on Host's $20.80closing price on Thursday, April 6, 2006, this consideration wouldhave a per-share value of $13.24 and the total value of thetransaction (including cash, stock and assumption of debt) isapproximately $4.3 billion. The actual value of consideration to bereceived by Starwood's Class B shareholders and the total value of thetransaction will depend upon the market price per share of Host commonstock when the transaction is closed.

Starwood Hotels & Resorts Worldwide, Inc. is one of the leadinghotel and leisure companies in the world with approximately 850properties in more than 95 countries and 145,000 employees at itsowned and managed properties. Starwood(R) Hotels is a fully integratedowner, operator and franchisor of hotels and resorts with thefollowing internationally renowned brands: St. Regis(R), The LuxuryCollection(R), Sheraton(R), Westin(R), Four Points(R) by Sheraton,W(R), Le Meridien(R) and the recently announced Aloft(SM). StarwoodHotels also owns Starwood Vacation Ownership, Inc., one of the premierdevelopers and operators of high quality vacation interval ownershipresorts. For more information, please visit www.starwoodhotels.com.

**Please contact Starwood's new, toll-free media hotline at (866)4-STAR-PR (866-478-2777) for photography or additional information.**

(Note: This press release contains forward-looking statementswithin the meaning of federal securities regulations, including anystatements relating to if and when the transaction with Host isexpected to be consummated. Forward-looking statements are notguarantees of future performance or events and involve risks anduncertainties and other factors that may cause actual results orevents to differ materially from those anticipated at the time theforward-looking statements are made. These risks and uncertainties arepresented in detail in our filings with the Securities and ExchangeCommission. Although we believe the expectations reflected in suchforward-looking statements are based upon reasonable assumptions, wecan give no assurance that our expectations will be attained or thatresults and events will not materially differ. We undertake noobligation to publicly update or revise any forward-looking statement,whether as a result of new information, future events or otherwise.)