Rubatex Information

Starwood closes on Host sales

Rubatex Msds Starwood has closed on the sale of four hotels to an affiliate of Host Hotels & Resorts.

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Rubatex Neoprene These hotels are part of the portfolio of 35 hotels to be sold to Host.

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Rubatex Pipe The closing of these hotels was deferred as a result of certain notice periods and consents that had not been received prior to the closing of the sale of 28 of the hotels on April 10, 2006.

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Rubatex Pipe Insulation The hotels will remain in the Starwood system and continue to be managed by Starwood under long-term management agreements.

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Rubatex 180 The gross proceeds received for these four hotels are approximately $488 million.

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Rubatex 180 Fs The hotels included in yesterday's transaction are: -- Sheraton Skyline Hotel & Conference Centre, Hayes, UK

Rubatex 1800 -- Sheraton Roma Hotel & Conference Centre, Rome, Italy

Rubatex 320 -- The Westin Palace Madrid, Madrid, Spain

Rubatex 373 -- The Westin Palace Milan, Milan, Italy.

Rubatex Rubber An additional three hotels were deferred from the first closing and Starwood expects to realize gross proceeds of approximately $203 million upon the sale of these hotels. The hotels are:

Rubatex Tape -- The Westin Europa & Regina, Venice, Italy

Rubatex Closing -- Sheraton Fiji Resort, Nadi, Fiji

Rubatex Closed Cell Gasketing -- The Westin Royal Denarau Island Resort & Spa, Nadi, Fiji

Felpro Gaskets The total consideration for the six European hotels in the sale portfolio to Host, including the Sheraton Warsaw Hotel & Towers, which closed on April 10, the four hotels which closed yesterday and The Westin Europa & Regina, is approximately $621 million.