Starwood Hotels & Resorts Worldwide, Inc. reports that it has signed a management deal with Agenco Engenharia e Construcoes Ltd. and Bank Opportunity to manage its new 308-room hotel in Barra da Tijuca in Rio de Janeiro, Brazil as the Sheraton Twin Towers Hotel & Suites. Construction on the $41-million hotel is set to begin this month. It is scheduled to open during the first quarter of 2003.The 14-floor hotel will be located on Sernambetiba Avenue, facing approximately 10 miles of beaches. The facilities will include two restaurants, a bar, two outdoor pools and a health club with sauna, indoor pool, steam baths and Jacuzzi. There will also be two squash courts and a playground. The hotel will also offer meeting facilities totaling 11,000 sf and a 558-vehicle parking plaza.Sheraton Hotels and Resorts has more than 375 hotels in 67 countries and is the largest brand of Starwood Hotels and Resorts Worldwide Inc.

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