Sunday, September 7, 2008

Las Vegas Sands and Starwood Hotels & Resorts Sign Contract to Open First St. Regis Residences in Las Vegas

St. Regis Residences to Join Venetian and Palazzo Offering Superior Design and Bespoke Service on the Famed Las Vegas Strip

LAS VEGAS, NV--Las Vegas Sands Corp. has reached an agreement with Starwood Hotels & Resorts Worldwide, Inc. to develop The St. Regis Residences (top right photo) at the Venetian Palazzo,(bottom left photo) Las Vegas, a collection of 398 private luxury residences, introducing the renowned St. Regis brand to Las Vegas, Nevada.

The residential project is currently under construction between Las Vegas Sands' Palazzo and Venetian resorts on the Las Vegas Strip.

"The St. Regis name is synonymous with luxury and when it is combined with preferred access to the world-class amenities of The Venetian and The Palazzo, there is little doubt that this residential product is one of the most compelling and exciting in the world," said Sheldon G. Adelson, (top left photo) chairman and chief executive officer of Las Vegas Sands Corp.

"Those fortunate enough to purchase at The St. Regis Residences will have the rare opportunity to own a residence that is part of two world-class resorts in the heart of one of the most famous streets in the world."

"We are delighted to introduce the St. Regis brand to Las Vegas, and what a spectacular debut it will be," said Frits van Paasschen, (middle right photo) president and chief executive officer of Starwood Hotels & Resorts Worldwide, Inc. "With a premiere location, excellent partner and a shared vision to create the most luxurious residences, amenities and services in Las Vegas, this truly is a one of a kind endeavor."

(Bottom left photo, the $1.9 billion, 3,068-room Palazzo resort, tallest hotel in Vegas at 642 feet, opened Dec. 30, 2007 with 105,000 sf of gaming space. Owned by Las Vegas Sands Corp.)

Anticipated to open in March 2010, the St. Regis Residences(R) will offer owners the famed hallmarks of the St. Regis brand including, the Signature St. Regis Butler Service, custom tailored experiences, and luxury accommodations in the best addresses in the world.

The team responsible for the sales and marketing of the residences has already begun receiving interest from all over the world, and will begin accepting VIP reservations this month and open a preview gallery in October. For more information, please visit http://www.stregisvegas.com/.

CONTACT: Daniella Weinberg, United States - Phone: +1 212-380-4005, Email: daniella.weinberg@starwoodhotels.com

Starwood Hotels & Resorts Worldwide, Inc., http://www.starwoodhotels.com/ 1111 Westchester Ave. Phone: 914-640-8100 Fax: 914-696-1138

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