EX-25.1 11 p66636ex25-1.txt EX-25.1 EXHIBIT 25.1 ================================================================================ SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 -------------------------- 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) ------------------------------------------------------- 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) ================================================================================ 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. ---------- --------------------- ------------------- 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
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SUBSIDIARY STATE OF ORGANIZATION IRS EMPLOYER ID NO. ---------- --------------------- ------------------- *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
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SUBSIDIARY STATE OF ORGANIZATION IRS EMPLOYER ID NO. ---------- --------------------- ------------------- 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 --------------------------- Frank P. Leslie III Vice President By: /s/ Lori-Anne Rosenberg ----------------------------------- 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 --------------------------- Frank P. Leslie III Vice President By: /s/ Lori-Anne Rosenberg ----------------------------------- 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 ------------ 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 ------------ 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 ------------ 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 ------------ 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 ---------------------------------- Vice President Date: April 22, 2002