STARWOOD REPORTS SECOND QUARTER 2009 RESULTS

WHITE PLAINS, NY, July 23, 2009 – Starwood Hotels & Resorts Worldwide, Inc. (NYSE:
HOT) today reported second quarter 2009 financial results.
Second Quarter 2009 Highlights
􀂃 Excluding special items, EPS from continuing operations was $0.22. Including
special items, EPS from continuing operations was $0.72.
􀂃 Adjusted EBITDA was $200 million.
􀂃 Excluding special items, income from continuing operations was $41 million.
Including special items, income from continuing operations was $131 million.
􀂃 Special items totaled a benefit of $90 million ($0.50 per share) primarily related to a
$120 million benefit for a tax incentive program in Italy, partially offset by net
impairment charges of $26 million.
􀂃 Worldwide System-wide REVPAR for Same-Store Hotels decreased 27.7% (down
23.6% in constant dollars) compared to the second quarter of 2008. System-wide
REVPAR for Same-Store Hotels in North America decreased 25.4% (down 24.2% in
constant dollars).
􀂃 Management and franchise revenues decreased 18.0% compared to 2008.
􀂃 Worldwide REVPAR for Starwood branded Same-Store Owned Hotels decreased
35.5% (down 30.5% in constant dollars) compared to the second quarter of 2008.
REVPAR for Starwood branded Same-Store Owned Hotels in North America
decreased 34.4% (down 32.5% in constant dollars)

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