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Starwood to End Management of Sheraton Hotel Tahiti Tuesday, December 30, 2008

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Starwood Hotels & Resorts Worldwide

Starwood Hotels & Resorts Hawai‘i & French Polynesia and Louis Wane, owner of the Sheraton Hotel Tahiti, Sheraton Moorea and Bora Bora Nui Resort & Spa, A Luxury Collection Resort announced today that upon mutual agreement, Starwood will no longer manage these properties. The effective date will be during 2009. Starwood will continue to manage three other award-winning properties in the region, The St. Regis Bora Bora Resort, Le Meridien Tahiti and Le Meridien Bora Bora.

Starwood has operated both the Sheraton Hotel Tahiti And the Sheraton Moorea since August, 2000 under its Sheraton Hotels flag and the Bora Bora Nui Resort & Spa since February, 2002 under its Luxury Collection flag.