WHITE PLAINS, N.Y. -- Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) has been selected by the Puerto Rico Convention Center District Authority to operate the new 500-room convention center hotel. The Sheraton San Juan Convention Center Hotel will open in 2007, and will be located adjacent to the 580,000 square-foot Puerto Rico Convention Center, which is scheduled to open in 2005.

The hotel will include 63,000 square feet of meeting and banquet facilities, a 10,000-square foot spa, a selection of restaurants and several outdoor pools. With design elements of an urban resort, this development will also include 50,000-square feet of retail space, an eight-screen ...