SAN FRANCISCO, Oct. 9 /PRNewswire-FirstCall/ -- Digital Realty Trust, Inc.
(NYSE: DLR), the leading owner and manager of corporate and Internet gateway
datacenters, completed a Turn-Key Datacenter(TM) lease agreement in the third
quarter of 2008 with Starwood Hotels & Resorts Worldwide, Inc. to support the
company's IT infrastructure. Under this agreement, Starwood will establish a
new datacenter in a Digital Realty Trust property in the Southwestern United
States to support the company's global operations.
Starwood (http://www.starwoodhotels.com) is one of the leading hotel and
leisure companies in the world with approximately 900 properties in more than
100 countries and 155,000 employees at its owned and managed properties.
Starwood Hotels' family of brands includes Westin(TM), W(TM), Sheraton(R),
Four Points(R) by Sheraton, St. Regis(TM), The Luxury Collection(TM), Le
Meridien(R), and the recently launched Aloft(SM), and Element(SM).
"Datacenters are critical assets for companies across all industries, and
that is particularly true for a company like Starwood that relies on its
computing infrastructure for so many aspects of its customer service. IT
systems have become critical to the hospitality industry and serve as a
competitive advantage for companies -- which is why corporate datacenters are
such an important business asset," said Brent Behrman, Vice President of
Enterprise Sales at Digital Realty. "Our Turn-Key Datacenter(TM) facilities
provide state-of-the-art environments for supporting mission critical
infrastructure, with advanced cooling, power and redundancy features to ensure
that critical applications are available for employees and customers."
Digital Realty Trust Turn-Key Datacenter(TM) facilities provide
state-of-the-art environments for supporting mission critical infrastructure,
with advanced cooling, power, redundancy, and sustainability features to
ensure that critical applications are available while optimizing energy
efficiency. Digital Realty Trust's Turn-Key Datacenters(TM) are scalable from
hundreds of kilowatts of IT Load to megawatts of IT load and are located in
markets throughout North America and Europe. Each Turn-Key Datacenter(TM)
facility is physically secure and features a state-of-the-art power and
cooling architecture that has been optimized for green operation. Every
Turn-Key Datacenter(TM) is built using the company's proprietary POD
Architecture(TM) and uses metered power to ensure that clients pay only for
the power that they use.
About Digital Realty Trust, Inc.
Digital Realty Trust, Inc. owns, acquires, redevelops, develops and
manages technology-related real estate. The Company is focused on providing
Turn-Key Datacenter(TM) and Powered Base Building(TM) datacenter solutions for
domestic and international tenants across a variety of industry verticals
ranging from information technology and internet enterprises, to manufacturing
and financial services. Digital Realty Trust's 74 properties, excluding one
property held as an investment in an unconsolidated joint venture, contain
applications and operations critical to the day-to-day operations of
technology industry tenants and corporate enterprise datacenter tenants.
Comprising approximately 12.9 million rentable square feet as of August 6,
2008, including 1.9 million square feet of space held for redevelopment,
Digital Realty Trust's portfolio is located in 27 markets throughout North
America and Europe. For additional information, please visit Digital Realty
Trust's website at http://www.digitalrealtytrust.com.
Safe Harbor Statement
This press release contains forward-looking statements which are based on
current expectations, forecasts and assumptions that involve risks and
uncertainties that could cause actual outcomes and results to differ
materially. These risks and uncertainties include adverse economic or real
estate developments in the Company's markets or the technology industry;
general economic conditions or recession; construction and development delays;
tenant bankruptcies; defaults under leases by tenants; increased interest
rates; increased operating costs; failure to obtain necessary outside
financing; decreased rental rates or increased vacancy rates; difficulties in
identifying properties to acquire and completing acquisitions at all or at
acceptable return levels; failure to successfully operate acquired properties
and operations; failure of acquired properties to perform as expected;
reductions in property values; failure to successfully redevelop properties
acquired for such purposes or unexpected costs related thereto; failure to
maintain the Company's status as a REIT; environmental uncertainties and risks
related to natural disasters; financial market fluctuations; changes in
foreign currency exchange rates; risks of operating in foreign markets; and
changes in real estate and zoning laws and increases in real property tax
rates. For a further list and description of such risks and uncertainties,
see the reports and other filings by the Company with the United States
Securities and Exchange Commission, or SEC, including the Company's annual
report on Form 10-K for the year ended December 31, 2007 and the Company's
quarterly reports on Form 10-Q for the quarters ended March 31, 2008 and June
30, 2008. The Company disclaims any intention or obligation to update or
revise any forward-looking statements, whether as a result of new information,
future events or otherwise.
For Additional Information:
A. William Stein
Chief Financial Officer and
Chief Investment Officer
Digital Realty Trust, Inc.
Pamela A. Matthews
Digital Realty Trust, Inc.
Sales & Technical Services
Digital Realty Trust, Inc.
SOURCE Digital Realty Trust, Inc.