EXHIBIT 25.1
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM T-1
STATEMENT OF ELIGIBILITY UNDER
THE TRUST INDENTURE ACT OF 1939 OF A
CORPORATION DESIGNATED TO ACT AS TRUSTEE
Check if an Application to Determine Eligibility of
a Trustee Pursuant to Section 305(b)(2)
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U.S. BANK NATIONAL ASSOCIATION
(Exact name of Trustee as specified in its charter)
31-0841368
I.R.S. Employer Identification No.
180 EAST FIFTH STREET
ST. PAUL, MINNESOTA 55101
(Address of principal executive offices) (Zip Code)
FRANK LESLIE
U.S. BANK NATIONAL ASSOCIATION
180 EAST FIFTH STREET
ST. PAUL, MN 55101
(651) 244-8677
(Name, address and telephone number of agent for service)
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
STARWOOD HOTELS & RESORTS
SEE "TABLE OF ADDITIONAL REGISTRANTS" ON THE FOLLOWING PAGE.
(Issuer with respect to the Securities)
MARYLAND 52-1193298
MARYLAND 52-0901263
(State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.)
1111 WESTCHESTER AVENUE
WHITE PLAINS, NEW YORK 10604
(Address of Principal Executive Offices) (Zip Code)
DEBT SECURITIES
GUARANTEES OF DEBT SECURITIES
(TITLE OF THE INDENTURE SECURITIES)
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TABLE OF ADDITIONAL REGISTRANTS
The following direct or indirect subsidiaries of Starwood
Hotels & Resorts Worldwide, Inc. are co-registrants for the purpose of providing
guarantees, if any, of payments on debt securities registered by Starwood Hotels
& Resorts Worldwide, Inc. and Starwood Hotels & Resorts. Starwood Hotels &
Resorts may also provide guarantees of payments on debt securities registered by
Starwood Hotels & Resorts Worldwide, Inc. The principal executive offices of
each registrant marked by an asterisk (*) are located at 1111 Westchester
Avenue, White Plains, New York 10604, telephone (914) 640-8100. The principal
executive offices of each other co-registrant are located at 8803 Vistana Centre
Drive, Orlando, Florida 32821, telephone (407) 239-3100.
SUBSIDIARY STATE OF ORGANIZATION IRS EMPLOYER ID NO.
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Data Marketing Associates East, Inc. Florida 59-3531162
*Destination Services of Scottsdale, Inc. Delaware 86-0867076
Fiesta Vacations, L.L.C. Arizona 86-0796238
*General Fiduciary Corporation Massachusetts 04-1360480
*Global Connextions, Inc. Delaware 06-1458113
*Hudson Sheraton Corporation LLC Delaware 13-3970052
*ITT Broadcasting Corp. Delaware 13-3847574
*ITT MSG, Inc. Delaware 13-3792013
*Manhattan Sheraton Corporation New York 13-2871787
Points of Colorado, Inc. Colorado 84-1033476
*San Diego Sheraton Corporation Delaware 95-2626523
*San Fernando Sheraton Corporation Delaware 95-2557420
*Sheraton Asia-Pacific Corporation Delaware 04-2927180
*Sheraton Boston Corporation Massachusetts 04-2322310
*Sheraton California Corporation Delaware 95-2591007
*Sheraton Florida Corporation Delaware 04-2462304
*Sheraton Forty-Five Park Corporation Delaware 21-0698968
*Sheraton Harbor Island Corporation Delaware 04-2462305
*Sheraton Hawaii Hotels Corporation Hawaii 99-0218851
*Sheraton Holding Corporation (f/k/a ITT Nevada 88-0340591
Corporation)
*Sheraton International De Mexico, Inc. Delaware 04-2662692
*Sheraton International, Inc. Delaware 04-2375071
*Sheraton Management, LLC Delaware 04-2534314
*Sheraton Miami Corporation Delaware 59-1168133
*Sheraton Middle East Management Corporation Delaware 51-0124376
*Sheraton New York Corporation New York 13-2679500
*Sheraton Overseas Management Corporation Delaware 51-0115377
*Sheraton Overseas Technical Services Corp. Delaware 04-2775239
ii
SUBSIDIARY STATE OF ORGANIZATION IRS EMPLOYER ID NO.
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*Sheraton Peachtree Corporation Delaware 31-0743098
*Sheraton Phoenician Corporation Delaware 86-0768191
*Sheraton Savannah Corporation Delaware 58-1021346
*Sheraton Vermont Corporation Vermont 03-0355208
*Sheraton Warsaw Corporation Delaware 04-3263618
*SLC Operating Limited Partnership Delaware 95-4509414
*SLT Realty Limited Partnership Delaware 95-4509413
*St. Regis Sheraton Corporation New York 13-2554360
*Starwood Hotels & Resorts Holdings, Inc. Arizona 86-1015130
*Starwood Reservations Corporation (f/k/a ITT Delaware 04-2424101
Sheraton Reservations Corporation)
*Starwood Vacation Exchange Company (f/k/a Westin Delaware 91-1805536
Exchange Company)
Starwood Vacation Ownership Inc. (f/k/a/ Vistana, Florida 06-1558234
Inc.)
Success Developments, L.L.C. Arizona 86-0828729
Success of Arizona, L.L.C. Arizona 88-0365652
Success of Colorado, L.L.C. Nevada 88-0341149
SVO Arizona, Inc. Arizona 86-1013054
SVO California, Inc. California 33-0930315
SVO California Management, Inc. California 33-0930285
SVO East, Inc. (f/k/a Vistana East, Inc.) Florida 59-3475882
SVO International, Inc. (f/k/a/ Vistana Florida 59-3377392
International, Inc.)
SVO Management, Inc. (f/k/a Vistana Management, Florida 59-3087359
Inc. (d/b/a Vistana Management, Ltd.))
SVO MB Management, Inc. (f/k/a Vistana MB South Carolina 59-3445868
Management, Inc.)
SVO Pacific, Inc. (f/k/a Vistana Pacific, Inc.) Florida 59-3646594
SVO Trademark, Inc. (f/k/a VCH Trademark, Inc.) Florida 59-3088550
SVO Vistana Villages, Inc. (f/k/a VDI2, Inc.) Florida 59-3525948
SVO West, Inc. (f/k/a Vistana West, Inc.) Florida 59-3462185
*The Sheraton Corporation (f/k/a ITT Sheraton Delaware 04-2546817
Corporation)
Vacation Title Services, Inc. Florida 59-3543344
VacationWorks, Inc. Florida 59-3475157
VCH Communications, Inc. Florida 59-3087363
VCH Consulting, Inc. Florida 59-3259779
iii
SUBSIDIARY STATE OF ORGANIZATION IRS EMPLOYER ID NO.
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VCH Portfolio Services, Inc. Florida 59-3384912
VCH Sales, Inc. Florida 59-3384913
VCH Systems, Inc. Florida 65-0534423
VCM Oaks, Inc. Florida 59-3384873
Vistana Acceptance Corp. Florida 59-3304480
Vistana Cave Creek, Inc. Arizona 86-0911088
Vistana Development, Inc. d/b/a Vistana Florida 59-3075838
Development, Ltd.
Vistana NJ, Inc. New Jersey 59-3434950
Vistana OP Investment, Inc. Florida 59-3392209
Vistana PSL, Inc. Florida 59-3466205
Vistana Scottsdale Management, Inc. Arizona 86-0902846
*Westin Asset Management Company Delaware 91-1877027
*Westin Premier, Inc. Delaware 91-1325609
*Westin Vacation Management Corporation Delaware 91-1424116
*Worldwide Franchise Systems, Inc. Delaware 06-1458140
*WVC Rancho Mirage, Inc. Delaware 91-1822046
iv
FORM T-1
ITEM 1. GENERAL INFORMATION. Furnish the following information as to the
Trustee.
a) Name and address of each examining or supervising authority
to which it is subject.
Comptroller of the Currency
Washington, D.C.
b) Whether it is authorized to exercise corporate trust powers.
Yes
ITEM 2. AFFILIATIONS WITH OBLIGOR. If the obligor is an affiliate of the
Trustee, describe each such affiliation.
None
ITEMS 3-15 Items 3-15 are not applicable because to the best of the Trustee's
knowledge, the obligor is not in default under any Indenture for
which the Trustee acts as Trustee.
ITEM 16. LIST OF EXHIBITS: List below all exhibits filed as a part of this
statement of eligibility and qualification.
1. A copy of the Articles of Association of the Trustee.*
2. A copy of the certificate of authority of the Trustee to
commence business.*
3. A copy of the certificate of authority of the Trustee to
exercise corporate trust powers.*
4. A copy of the existing bylaws of the Trustee.*
5. A copy of each Indenture referred to in Item 4. Not
applicable.
6. The consent of the Trustee required by Section 321(b) of the
Trust Indenture Act of 1939, attached as Exhibit 6.
7. Report of Condition of the Trustee as of December 31, 2001,
published pursuant to law or the requirements of its
supervising or examining authority, attached as Exhibit 7.
* Incorporated by reference to Registration Number 333-67188.
NOTE
The answers to this statement insofar as such answers relate to what
persons have been underwriters for any securities of the obligors within three
years prior to the date of filing this statement, or what persons are owners of
10% or more of the voting securities of the obligors, or affiliates, are based
upon information furnished to the Trustee by the obligors. While the Trustee has
no reason to doubt the accuracy of any such information, it cannot accept any
responsibility therefor.
SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939, as
amended, the Trustee, U.S. BANK NATIONAL ASSOCIATION, a national banking
association organized and existing under the laws of the United States of
America, has duly caused this statement of eligibility and qualification to be
signed on its behalf by the undersigned, thereunto duly authorized, all in the
City of St. Paul, State of Minnesota on the 10th day of May, 2002.
U.S. BANK NATIONAL ASSOCIATION
By: /s/ Frank P. Leslie III
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Frank P. Leslie III
Vice President
By: /s/ Lori-Anne Rosenberg
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Lori-Anne Rosenberg
Assistant Vice President
2
EXHIBIT 6
CONSENT
In accordance with Section 321(b) of the Trust Indenture Act of 1939,
the undersigned, U.S. BANK NATIONAL ASSOCIATION hereby consents that reports of
examination of the undersigned by Federal, State, Territorial or District
authorities may be furnished by such authorities to the Securities and Exchange
Commission upon its request therefor.
Dated: May 10, 2002
U.S. BANK NATIONAL ASSOCIATION
By: /s/ Frank P. Leslie III
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Frank P. Leslie III
Vice President
By: /s/ Lori-Anne Rosenberg
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Lori-Anne Rosenberg
Assistant Vice President
EXHIBIT 7
U.S. BANK NATIONAL ASSOCIATION
STATEMENT OF FINANCIAL CONDITION
AS OF 12/31/2001
($000'S)
12/31/2001
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ASSETS
Cash and Due From Depository Institutions $ 9,775,116
Federal Reserve Stock 0
Securities 26,316,516
Federal Funds 1,261,731
Loans & Lease Financing Receivables 109,012,892
Fixed Assets 1,414,464
Intangible Assets 8,158,687
Other Assets 6,637,699
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TOTAL ASSETS $162,577,105
LIABILITIES
Deposits $104,077,584
Fed Funds 4,365,180
Treasury Demand Notes 0
Trading Liabilities 313,719
Other Borrowed Money 25,030,765
Acceptances 201,492
Subordinated Notes and Debentures 5,348,437
Other Liabilities 3,894,231
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TOTAL LIABILITIES $143,231,408
EQUITY
Minority Interest in Subsidiaries $ 981,870
Common and Preferred Stock 18,200
Surplus 12,068,893
Undivided Profits 6,276,734
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TOTAL EQUITY CAPITAL $ 19,345,697
TOTAL LIABILITIES AND EQUITY CAPITAL $162,577,105
To the best of the undersigned's determination, as of the date hereof, the above
financial information is true and correct.
U.S. BANK NATIONAL ASSOCIATION
By: /s/ Frank P. Leslie III
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Vice President
Date: April 22, 2002