SYDNEY -- 

POINT 1:

Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) today announced that it has signed an agreement with Sydney based developer, JL Parramatta Pty Ltd to open Four Points by Sheraton Parramatta in the cosmopolitan city of Sydney in Australia, Located at 89 George Street in Parramatta's Central Business District, the 271-room new build hotel is scheduled to open in 2018.

POINT 2:

"We continue to grow the presence of the Four Points by Sheraton brand in Australia with like-minded partners JL Parramatta sharing our vision to develop affordable, stylish and innovative hotel options. With the current growth and development in Parramatta, Sydney's second largest work district, the location was a natural choice for our next Four Points by Sheraton hotel," said Sean Hunt, Regional Vice President, Starwood Hotels & Resorts, Pacific. "The brand's strong Pacific presence, which includes hotels in Sydney, Perth and Brisbane and a new flagship property in Melbourne, opening in 2017, is reflective of its growth globally, with Four Points leading pipeline development in Starwood's portfolio."

POINT 3:

The hotel will be conveniently located within Parramatta's Central Business District (CBD), which has been placed at the forefront of Sydney's future growth plans by the New South Wales government. Four Points by Sheraton Parramatta is just a short walk from Parramatta Station, the Parramatta River and Westfield Parramatta, the second largest shopping complex in Australia. Home to a number of major commercial tenants and walking distance from Parramatta's famous "Eat Street," a popular eating hub, the hotel's location is set to attract both business and leisure guests. Other nearby attractions include the Riverside Theatre, Parramatta Stadium and Rosehill Gardens.

Four Points by Sheraton Parramatta will feature 271 guest rooms, a bar and lobby lounge with snack kiosk, a restaurant, an indoor swimming pool, a fitness centre, and convenient parking facilities. The hotel's conference and meeting facilities is slated to be among the largest available in Parramatta at 500 square metres. Reflecting the brand's promise to provide what matters most to today's independent travellers, the hotel will offer the brand's defining touches, including the Four Points signature bed, Wi-Fi in all public areas, an energising breakfast and the brand's signature Best Brews™ programme, helping guests to enjoy their day from start to finish.
POINT 4:

"Parramatta has become a focal point of economic growth in Sydney, with significant investment in a range of building and construction opportunities and hotel occupancy levels reaching a new high. There is clear demand for a new high quality international hotel with accommodation and facilities to support the growth of Western Sydney, and Four Points by Sheraton Parramatta will deliver this with its approachable design and stylish comfort brand positioning." said Andrew Taylor, Director, Acquisitions and Development, Starwood Hotels & Resorts, Pacific.

"JL Parramatta is pleased to be working closely with Starwood Hotels & Resorts to launch Four Points by Sheraton Parramatta. Starwood's depth of experience and standing within the industry as an exceptional hotel and resort operator gave us great confidence in this partnership, and we are excited to move forward with this project," said Jian Zhao, Owner, JL Parramatta.

Four Points by Sheraton Parramatta joins Starwood's robust portfolio in the Pacific with 17 hotels in operation, including Four Points by Sheraton properties in Sydney, Brisbane and Perth. The hotel also joins eleven properties under development namely Four Points by Sheraton Sydney, Central Park, Points by Sheraton Melbourne Docklands, Sheraton Samoa Aggie Grey's Hotel & Bungalows, Four, Aloft Perth Rivervale, The Westin Perth, Aloft Adelaide, Sheraton Adelaide Hotel, The Westin Brisbane, and W Brisbane.

About JL Parramatta Pty Ltd
JL Parramatta PTY Ltd is owned by Chinese entrepreneur Jian Zhao. Mr Zhao has track record in residential development in East China and has developed a portfolio of properties (commercial, residential and hotel) in Sydney.