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2004 News


Article featured on www.pcquote.com

Starwood Selects ei³'s Award-Winning Energy Management Solutions

Starwood Hotels & Resorts Worldwide to utilize EnergyWatch real-time energy monitoring and reporting solution to track energy consumption and identify areas of improvement.

White Plains, NY, June 11, 2004 - Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) today announced an agreement for ei³ Corporation to deliver real-time energy monitoring services to selected hotels and resorts owned by Starwood, one of the largest hotel operators in the world. EnergyWatch™ will deliver critical, real-time energy efficiency information to various levels of the Starwood organization as part of the service. The comprehensive energy management solution will also deliver monthly ENERGY STAR® performance ratings in compliance with set EPA standards.

"The addition of the EnergyWatch™ solution continues Starwood's industry leading efforts to conserve energy and create cost savings throughout our system", said John Lembo, Director of Energy at Starwood. "This investment will deliver critical information that our corporate and property energy stakeholders need to take immediate action as well as to enable energy reductions moving forward.

ei³'s EnergyWatch™ provides a strategic Business Management Tool that enhances the timeliness and effectiveness of strategic energy decisions by incorporating financial, operational and business improvement components.

"Energy awareness continues to be a focus for corporate America. Our industry experience, along with EPA research, clearly demonstrates that concrete energy management programs result in both financial gains and environmental improvement," said Brett Smith, CEO of ei³. "EnergyWatch™ provides our clients with the tools to make better decisions on a real-time basis."

EnergyWatchTM is a hosted energy monitoring and reporting solution that eliminates capital investment in equipment and personnel. EnergyWatch™ provides real-time reporting features, trending charts, alarming functions, utility bill verification services, ENERGY STAR® data, and other energy monitoring and reporting functions to offer a unique competitive advantage.

About Starwood Hotels & Resorts
Starwood Hotels & Resorts Worldwide, Inc. is one of the leading hotel and leisure companies in the world with more than 740 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.starwood.com.

CONTACT: Starwood Hotels & Resorts - Allison Reid, 914-640-8514, www.starwood.com.