Starwood 2008 Annual Report Download - page 93

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STOCKHOLDER RETURN PERFORMANCE
Set forth below is a line graph comparing the cumulative total stockholder return on the Corporation Shares
(and Shares until April 7, 2006) against the cumulative total return on the S&P 500 and the S&P 500 Hotel Index
(the “S&P 500 Hotel”) for the five fiscal years beginning December 31, 2003 and ending December 31, 2008. The
graph assumes that the value of the investments was 100 on December 31, 2003 and that all dividends and other
distributions were reinvested. In addition, the Share prices for the periods prior to the Host Transaction on April 10,
2006 have been adjusted based on the value shareholders received for their Class B shares. The comparisons are
provided in response to SEC disclosure requirements and are not intended to forecast or be indicative of future
performance.
0
50
100
150
200
250
300
200820072006200520042003
DOLLARS
Starwood
S&P 500
S&P 500 Hotel
2003 2004 2005 2006 2007 2008
Starwood 100.00 164.69 182.46 223.92 160.97 68.73
S&P 500 100.00 110.87 116.31 134.66 142.05 89.51
S&P 500 Hotel 100.00 145.60 147.82 169.41 148.33 76.70
27