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Aruba Casino Deal Signed

16 June 2006

JAMAICA – As reported by the Jamaica Observer: "Starwood Hotels & Resorts Worldwide, and Belfonti Capital Partners have announced an agreement to re-flag Belfonti's newly-acquired 478-room Aruba Resort Spa & Casino as The Westin Aruba Resort & Spa.

"The property will raise the Westin flag in late 2006 upon completion of a renovation to further enhance the property's AAA Four Diamond rating.

"The hotel also features the 12,000 square-foot Casablanca Casino, one of the Caribbean's premier gaming destinations. Belfonti, which owns the entire property, will manage the casino while Westin will manage the hotel under a long-term agreement.

"In addition, Starwood Vacation Ownership, a division of Starwood, plans to launch the first Westin-branded vacation ownership resort on Aruba…"

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