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STARWOOD HOTEL & RESORTS WORLDWIDE, INC FILES (8-K) Disclosing Other Events, Financial Statements and Exhibits

August 1, 2014

Item 8.01 Other Events.

On August 1, 2014, Starwood Hotels & Resorts Worldwide, Inc. (the "Company") announced that the Company's share repurchase authorization of its common stock under its Share Repurchase Program (the "Program") has increased by an additional $1.1 billion. As of July 31, 2014, the total amount available under the authorization is approximately $400 million. The Company expects the purchases to be made from time to time in the open market, through block trades, tender offers or otherwise (including, without limitation, using Rule 10b5-1 plans), or in privately negotiated transactions (including, without limitation, accelerated share repurchase agreements). The timing of the share repurchases under the Program will depend on a variety of factors, including market conditions, and share repurchases may be suspended or discontinued at any time.

On the same date, the Company announced that on July 31, 2014 it declared a regular quarterly dividend of $0.35 per share. The regular quarterly dividend will be paid on September 26, 2014 to stockholders of record on September 5, 2014. In addition, the Company has declared a special dividend of $0.65 per share. The special dividend will also be paid on September 26, 2014 to stockholders of record on September 5, 2014.

The press release is attached as Exhibit 99.1 and incorporated herein by reference.

Cautionary Statements

This Current Report on Form 8-K includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct.

Important factors that could cause actual results to differ materially from those discussed in, or implied by, the forward-looking statements are disclosed in the "Risk Factors" contained in the Company's 2013 Annual Report on Form 10-K and other periodic reports filed with the Securities and Exchange Commission. All forward-looking statements are expressly qualified in their entirety by such factors. The Company does not undertake any duty to update any forward-looking statement except as required by law.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

99.1 Press release dated August 1, 2014.


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