Hersha Hospitality Management Opens Newly Built Sheraton JFK Hotel

The 150-room, Full-Service Hotel Offers Guests a Warm and Energetic Setting

        and Convenient Access to the Sights and Sounds of Manhattan



    PHILADELPHIA, Aug. 15 /EMWNews/ -- Starwood Hotels & Resorts

Worldwide, Inc. (NYSE: HOT) and Hersha Hospitality Management, L.P. (HHM)

today announced the opening of the newly built Sheraton JFK Airport Hotel,

a sleek, full service hotel located just one half mile from John F. Kennedy

Airport. The 150-room property offers a welcoming ambience, sophisticated

meeting facilities and upscale amenities designed to provide guests with a

sense of belonging, warmth and community.



    



    The Sheraton JFK Airport offers complimentary shuttle service to and

from JFK Airport offering convenient access to the heart of Manhattan and

New York City's most famous attractions. The Belmont Racetrack, Shea

Stadium and the U.S. Open Tennis Center are also nearby.



    The welcoming and energetic lobby at Sheraton JFK Airport Hotel

features the Sheraton brand's latest design and amenities package, ranging

from a beautiful fireplace to a Sheraton check-in kiosk where travelers can

check in or out in less than a minute. The public area includes an indoor

heated swimming pool and whirlpool plus "Rosemary's Restaurant and Lounge,"

which serves tasty American fare for breakfast, lunch and dinner, as well

as a full menu of beer, wine and spirits. The hotel also offers a business

center, sundry shop and state-of-the-art fitness center.



    In their rooms, guests enjoy contemporary design and modern

conveniences such as the Sheraton Sweet Sleeper(SM) bed, a spacious work

area, stainless steel appliances, granite countertops, and 32"

High-Definition LCD televisions. The hotel also offers a Club Floor with

upgraded amenities and exclusive access to the Club Lounge, complete with

complimentary breakfast, beverages and afternoon hors d'oeuvres.



    "We are delighted to open and manage this beautiful property, which is

the only new-build, upper upscale asset at one of the world's business

airports," said Naveen Kakarla, Executive Vice President of Hersha

Hospitality Management. "We are also proud to partner with Starwood to

ensure superior guest service at their flagship property near John F.

Kennedy Airport."



    "Sheraton is delighted to welcome travelers to this inviting hotel,

where they can make connections in a lively, engaging environment," said

Hoyt Harper, Senior Vice President for Sheraton Hotels and Resorts.

"Perfect for those traveling for business, Sheraton JFK Airport Hotel

emphasizes comfort and familiarity, providing guests with spacious

accommodations, superior technology and personalized service."

    About Hersha Hospitality Management, L.P.



    Hersha Hospitality Management provides hotel management and asset

management services at over 60 upper upscale, upscale and mid-scale hotels

in the most vibrant markets in the nation, including Boston, Hartford, New

York City, New Jersey, Philadelphia and metro Washington D.C. Hersha

Hospitality Management provides turnkey hotel management and asset

management for properties with leading brand affiliations through Marriott,

Starwood, Hilton and Intercontinental. Our highly experienced team is

accustomed to serving as a fiduciary to publicly traded companies, joint

ventures, institutional real estate owners and private investors. For more

information, please visit http://www.hershahotels.com



    About Starwood Hotels & Resorts Worldwide, Inc.



    Starwood Hotels & Resorts Worldwide, Inc. is one of the leading hotel

and leisure companies in the world with approximately 900 properties in

more than 100 countries and 155,000 employees at its owned and managed

properties. Starwood Hotels is a fully integrated owner, operator and

franchisor of hotels, resorts and residences with the following

internationally renowned brands: St. Regis(R), The Luxury Collection(R),

W(R), Westin(R), Le Meridien(R), Sheraton(R), Four Points(R) by Sheraton,

and the recently launched Aloft(SM), and Element(SM). Starwood Hotels also

owns Starwood Vacation Ownership, Inc., one of the premier developers and

operators of high quality vacation interval ownership resorts. For more

information, please visit http://www.starwoodhotels.com.



    (Note: This press release contains forward-looking statements within

the meaning of federal securities regulations. Forward-looking statements

are not guarantees of future performance or events and involve risks and

uncertainties and other factors that may cause actual results or events to

differ materially from those anticipated at the time the forward-looking

statements are made. These risks and uncertainties are presented in detail

in our filings with the Securities and Exchange Commission. Although we

believe the expectations reflected in such forward-looking statements are

based upon reasonable assumptions, we can give no assurance that our

expectations will be attained or that results and events will not

materially differ. We undertake no obligation to publicly update or revise

any forward-looking statement, whether as a result of new information,

future events or otherwise.)