Starwood Hotels & Resorts Worldwide, Inc. announced plans to build a new St. Regis property in Atlanta. Owned by SR Hotel Development, LLLP and managed by Starwood`s ultra-luxe St. Regis brand is scheduled to open in the first half of 2008.

As we thoughtfully grow our brand and seek out the world`s best addresses, we were immediately attracted to Buckhead, said Kerry D. Hatch, president of St. Regis Hotels & Resorts. We will build an exquisite property that will be embraced not only by the world`s most sophisticated travelers, but also by the local community, many of whom have experienced the St. Regis in New York and other locations around the globe.

Both the hotel and the residences are designed specifically for the discriminating consumer who desires all of the luxuries and services the prestigious St. Regis brand offers, stated Paul Freeman, the managing development partner of Atlanta-based SR Hotel Development. This centerpiece for leisure activities will make you feel you are in an `in-town resort.` In addition, the opportunity for homeowners to live above and share the luxurious facilities and services St. Regis offers is unprecedented in Atlanta, Freeman concluded.