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Starwood Vacation Ownership Opens Newest Phase of Harborside Resort at Atlantis

Press Release: Starwood Vacation Ownership
August 23, 2005
ORLANDO, FL -- Starwood Vacation Ownership (SVO) celebrates the grand opening of the newest phase of Harborside Resort at Atlantis, the only vacation ownership resort within the world-renowned Atlantis, Paradise Island in The Bahamas. The resort expansion includes 116 new luxury villas, including a new three-bedroom lay-out option for larger parties.

"Atlantis, Paradise Island is one of the most popular destinations in the Caribbean. We are proud to offer Harborside Resort at Atlantis, the only vacation ownership component to those who seek a lifetime of vacations at Atlantis," said Raymond L. "Rip" Gellein, Jr., chief executive officer of Starwood Vacation Ownership. "This exclusive resort is one of the most popular in our system and the new three-bedroom option has been extremely well received."

Harborside Resort at Atlantis is a 50/50 joint venture between subsidiaries of SVO and Kerzner International Limited. With the expansion, there are 198 fully furnished luxury villas including one-bedroom, two-bedroom and now three-bedroom options. Owners and guests have access to the many amenities at the adjacent Atlantis, Paradise Island. The resort features the world's largest open-air marine habitat, 11 pools and lagoons including the Mayan Temple "Leap of Faith" slide (which propels guests through a shark-infested lagoon), restaurants, clubs, the Mandara Spa and fitness center as well as the largest casino in the Caribbean. Each villa includes a fully equipped kitchen, whirlpool tubs, private terrace, and separate living and dining areas.

Harborside Resort at Atlantis also features its own amenities, including a zero-entry free-form pool, a whirlpool spa, a children's pool, a restaurant and bar, a tropical courtyard, and a fitness center.

Concurrent to the opening of this phase, the new Marina Village at Atlantis offers its owners and guests a wide variety of new family-friendly dining and entertainment experiences. Located within steps of Harborside Resort, Marina Village offers an extraordinary range of culinary options for every palate, lifestyle and budget--from Classic French fine-dining at the Cafe Martinique by renowned chef, Jean-Georges Vongerichten to family-style Italian at Carmines to casual local Bahamian fare to the first Starbucks in The Bahamas. Resembling a quaint Bahamian marketplace, the 65,000-square-foot Marina Village boasts superlative dining and world-class shopping, all in one spectacular location.

About Atlantis, Paradise Island

Kerzner International's flagship resort, Atlantis, Paradise Island is a unique vacation destination which celebrates the wonders of the sea and is inspired by the myth of the lost continent of Atlantis. The resort offers 2,300 guest rooms, an entertainment center with the largest casino in the Caribbean, an impressive collection of luxury boutiques and shops and extensive meeting and convention facilities, including the largest ballroom in the Caribbean.

Atlantis is built around a 34-acre waterscape with eleven million gallons of fresh and saltwater lagoons and pools. Home to the largest marine habitat in the world - second only to Mother Nature, there are 50,000 live sea animals in exhibit lagoons and displays including The Dig, a maze of underwater corridors and passageways providing a journey through ancient Atlantis. Guests also enjoy eleven swimming areas, amazing water slides hidden in life-sized Mayan ruins, as well as other gentler water rides, cascading waterfalls and a seemingly endless stretch of beach that has been called the most beautiful in the world.

Land-based recreational opportunities include the Mandara Spa, Atlantis Sports Center, with tennis, basketball and a four-lane lap pool and the Tom Weiskopf designed 18-hole championship Ocean Club Golf Course nearby. The 63-slip Marina at Atlantis accommodates luxury yachts up to 220 feet in length. For young guests, the Discovery Channel Camp at Atlantis is a revolutionary concept in educational, entertaining children's vacations in partnership with The Discovery Channel. Club Rush is a fully-supervised 'no adults' private club setting where teens and 'tweens can socialize and enjoy their own entertainment.

Over 35 restaurants, bars and lounges at Atlantis offer guests a smorgasbord of choices ranging from the largest pastry selection in The Bahamas to an international marketplace of delicacies, from exquisite fresh seafood served elegantly in the midst of the underwater ruins of Atlantis to sophisticated Northern Italian or Chinese specialties, from casual poolside sandwiches to sumptuous breakfast, lunch and dinner buffets. A Bahamian outpost of Nobu and Bobby Flay's Mesa Grill are scheduled to open in late 2005 and 2006, respectively.

Atlantis has recently introduced Marina Village, a quaint Bahamian marketplace featuring 21 retail shops, five distinct restaurants, a Starbucks and a Jamba Juice. New dining options at Marina Village include Chef Jean-Georges Vongerichten's Cafe Martinique, Carmine's Italian restaurant and Johnny Rockets, an all-American 1950's style diner. Construction has begun on Atlantis' Phase III development which will include the addition of a 600-room, luxury all-suite hotel, an adjoining 400-unit condo-hotel, a new water park - complete with amazing elements that define the Atlantis experience, an expanded casino and meeting/convention space all anticipated to open in early 2007.

For further information about Atlantis, Paradise Island; telephone 954-809-2000, or visit on-line at Atlantis.com. For reservations, call your travel agent or 800-ATLANTIS.

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 750 properties in more than 80 countries and 120,000 employees at its owned and managed properties. With internationally renowned brands, Starwood is a fully integrated owner, operator and franchisor of hotels and resorts including: St. Regis, The Luxury Collection, Sheraton, Westin, Four Points by Sheraton, W brands, as well as Starwood Vacation Ownership, Inc., one of the premier developers and operators of high quality vacation interval ownership resorts. For more information, please visit www.starwoodhotels.com

"This is neither an offer to sell nor a solicitation to buy to residents in states in which registration requirements have not been fulfilled."

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Contact: 
     Starwood Vacation Ownership
     David N. Matheson, 407-903-4295
     david.matheson@starwoodvo.com
         or
     Kerzner International
     Tracy Quan, 954-809-2633
     tracy.quan@kerzner.com
         or
     Yui+Co.
     Ellen Yui, 301-270-8571
     ellenyui@yuico.com
         or
     Yui+Co.
     Elizabeth Kelley Grace, 561-989-9855
     lizkgrace@aol.com

Source: Starwood Vacation Ownership