Press Room

Starwood’s Luxury Collection Selected by Wci Communities to Manage The Resort at Singer Island

WHITE PLAINS, NY, August 19, 2004 – Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) announced that it has been selected by acclaimed U.S. residential developer WCI Communities, Inc. (NYSE: WCI) as the hotel manager for The Resort at Singer Island on Florida’s Atlantic beachfront situated just north of Palm Beach. The luxury condominium and hotel will be a member of Starwood’s Luxury Collection portfolio of prestigious hotels and is scheduled for completion in early 2007. The hotel, currently under construction, is the first new hotel to be built on Singer Island in at least 20 years.

“The Resort at Singer Island epitomizes The Luxury Collection’s strategy by adding new properties that are both luxurious and resort destinations unto themselves,” said Stephen Alden, senior vice president of The Luxury Collection. “Starwood is delighted WCI selected The Luxury Collection as their brand and operator for this project. In addition, this property coupled with the recent opening of The Atlantic in Fort Lauderdale intensifies The Luxury Collection’s strong presence in southeastern Florida.”

“The Resort at Singer Island is a wonderful combination of luxurious condominium residences and hotel,” said Jerry Starkey, President of WCI Communities, Inc. “We are thrilled about the new relationship we have with Starwood Hotels & Resorts. The Resort at Singer Island offers a premium oceanfront location with unparalleled quality and unrivaled amenities.  Starwood and The Luxury Collection is a natural fit for this unique property.”

The 20-story Resort at Singer Island offers residences from $400,000 to more than $3 million with select floor plans still available. In total, the resort will combine a mix of 66 condominium residences and 239 resort units. The resort units, which will compose the majority of The Resort at Singer Island, offer over a dozen different floor plan designs to choose from. These units will range from approximately 800 square feet to just over 1,750 square feet of living space and will be sold fully furnished featuring innovative plans capturing the expansive views of the Atlantic Ocean and Intracoastal Waterway. The acclaimed interior design firm, Hirsch Bedner Associates, headquartered in Atlanta, will create a selection of decorative schemes for owners to choose from.

As a Luxury Collection destination, The Resort at Singer Island plans to offer a spectacular array of amenities. Butler service, valet attendants, and a full-time concierge will enrich guest experiences and activities including coordination of private events, theater tickets, dinner reservations and travel. Dining options include an alfresco ambiance at the oceanside eatery or the convenience of room service, or special events catered within the resort’s stunning entertainment veranda – even a temperature controlled wine room will be available to store private wine collections.

Residents and guests will be able to relax upon the white sands of Singer Island with attentive pool and beachside attendants to cater to their individual needs providing everything from plush beach towels and relaxing lounge chairs to tempting frozen libations. Outdoor private cabanas will provide the ultimate afternoon retreat, an ideal place to enjoy a casual poolside lunch.

To sophisticated travelers worldwide, The Luxury Collection delivers the finest hotel experiences through their unparalleled attention to their guests’ needs and preferences, their exceptional and distinctive properties and seamless integration of the customs, culture and environment of each property’s locale.

Starwood Hotels & Resorts Worldwide, Inc. is one of the leading hotel and leisure companies in the world with more than 750 properties in more than 80 countries and 110,000 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.

WCI Communities, Inc. (NYSE: WCI) has been creating amenity-rich, master-planned lifestyle communities since 1946. Florida-based WCI and its Northeastern U.S. subsidiary, WCI Spectrum Communities, cater to primary, retirement, and second-home buyers in Florida, New York, New Jersey, and Connecticut. The company offers traditional and tower home choices with prices from the mid-$100,000s to more than $10 million. In addition to homebuilding, WCI generates revenue from its Prudential Florida WCI Realty Division, its mortgage and title businesses, and its Amenities Division, which operates many of the golf courses, marina slips, recreational and dining facilities within its communities. The company currently owns and controls developable land of over 17,000 acres.