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PROPOSED BUSINESS COMBINATION—YOUR VOTE IS VERY IMPORTANT
Very Important • February 16th, 2016

The following are brief answers to certain questions that you may have about the proposals being considered at the special meeting of Starwood stockholders, which we refer to as the “Starwood special meeting,” and the special meeting of Marriott stockholders, which we refer to as the “Marriott special meeting.” We urge you to read carefully this entire joint proxy statement/prospectus, including its Annexes, and the other documents to which this joint proxy statement/prospectus refers or incorporates by reference, because this section does not provide all of the information that might be important to you.

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