Starwood 2003 Annual Report Download - page 137
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Note:This Annual report contains certain statements that may be deemed “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E
of the Securities Exchange Act of 1934. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that could cause actual results to differ
materially from historical results or those anticipated at the time the forward-looking statements are made, including, without limitation, risks and uncertainties associated with the
following: the continued ability of Starwood Hotels and Resorts (the “Trust”) to qualify for taxation as a REIT; Starwood’s ability to attract and retain personnel; completion, terms and
timing of future acquisitions and dispositions, the availability of capital for acquisitions and for renovations; execution of hotel renovation and expansion programs; the ability to maintain
existing management, franchise or representation agreements and to obtain new agreements on favorable terms; competition within the lodging industry and from emerging technolo-
gies, the cyclicality of the real estate business and the hotel business; foreign exchange fluctuations and exchange control restrictions; general real estate and national and international
economic conditions; political, financial and economic conditions and uncertainties in countries in which Starwood owns property and operates; and the other risks (including risks related
to acts of God, terrorist activities and war) and uncertainties set forth in the quarterly and current reports and proxy statements of the Trust and Starwood. Starwood undertakes no obliga-
tion to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.