SECURITIES AND EXCHANGE COMMISSION 
                           WASHINGTON, D.C. 20549 
  
                                  FORM 8-K 
  
                               CURRENT REPORT 
                  PURSUANT TO SECTION 13 OR 15(d) OF THE  
                      SECURITIES EXCHANGE ACT OF 1934 
  
                                April 27, 1999                           
              ------------------------------------------------
              Date of Report (Date of Earliest Event Reported) 
  
                   Starwood Hotels & Resorts Worldwide, Inc.          
    ----------------------------------------------------------------------
    (Exact Name of Registrant as Specified in its Organizational Documents) 
  
           Maryland                      1-7959             52-1193298   
  ---------------------------          ------------     -------------------
 (State or Other Jurisdiction          (Commission        (IRS Employer  
      of Incorporation)                File Number)     Identification No.) 
  
                             777 Westchester Avenue
                         White Plains, New York 10604
             -----------------------------------------------------
             (Address of Principal Executive Offices and Zip Code) 
  
                                (914) 640-8100                              
            ----------------------------------------------------- 
             (Registrant's Telephone Number, Including Area Code) 
  
                                Not Applicable
        -------------------------------------------------------------
        (Former Name or Former Address, if Changed Since Last Report) 
  
                           Starwood Hotels & Resorts
             -------------------------------------------------
             (Exact Name of Registrant as Specified in Charter) 
  
       Maryland                          1-6828          52-0901263    
 (State or Other Jurisdiction              (Commission    (IRS Employer  
   of Incorporation)  File Number) Identification No.) 
  
                             777 Westchester Avenue
                         White Plains, New York 10604
            ----------------------------------------------------
           (Address of Principal Executive Offices and Zip Code) 
  
                                (914) 640-8100                              
            ---------------------------------------------------
            (Registrant's Telephone Number, Including Area Code) 
  
                                Not Applicable
       ------------------------------------------------------------
       (Former Name or Former Address, if Changed Since Last Report) 



 ITEM 5.  OTHER EVENTS. 
  
      On April 27, 1999, Starwood Hotels & Resorts Worldwide, Inc. entered
 into a Stock Purchase Agreement, together with ITT Sheraton Corporation,
 Starwood Canada Corp., Caesars World, Inc., Sheraton Desert Inn
 Corporation, Sheraton Tunica Corporation and Park Place Entertainment
 Corporation to sell (a) all of the issued and outstanding common stock of
 Caesars World, Inc. and Sheraton Tunica Corporation and (b) Starwood Canada
 Corp.'s partnership interests in Metropolitan Entertainment Group to Park
 Place Entertainment Corporation for approximately $3.0 billion.  The sale
 is expected to close in the fourth quarter of 1999, and is subject to the
 satisfaction of various conditions, including but not limited to obtaining
 certain regulatory approvals. The joint press release announcing that the
 Stock Purchase Agreement was entered into is included as Exhibit 99.1
 hereto and is incorporated herein by reference.

 ITEM 7.  FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS. 
       
  
      (a)  Financial statements of business acquired: 
  
           Not applicable 
  
  
      (b)  Pro forma financial statements: 
  
           Not applicable 
  
  
      (c)  Exhibits. 
  
      99.1   Joint Press Release of Park Place Entertainment and Starwood
             Hotels & Resorts Worldwide, Inc. issued April 27, 1999. 
               

                                 SIGNATURE 
  
      Pursuant to the requirements of the Securities Exchange Act of 1934,
 the registrant has duly caused this report to be signed on its behalf by
 the undersigned hereunto duly authorized. 
  
 Date:  May 7, 1999 
                          STARWOOD HOTELS & RESORTS  
                          WORLDWIDE, INC. 
  
                          By:  /s/ THOMAS C. JANSON, JR.                     
                             -------------------------------------------
                             Thomas C. Janson, Jr. 
                             Executive Vice President, General Counsel 
                             and Secretary 
  
  
  
  
                          STARWOOD HOTELS AND RESORTS 
  
                          By:  /s/ THOMAS C. JANSON, JR.                     
                             -------------------------------------------
                             Thomas C. Janson, Jr. 
                             Vice President, General Counsel 
                             and Assistant Secretary



                               Exhibit Index 
  
 Exhibit   Description 
  
 99.1      Joint Press Release of Park Place Entertainment and Starwood
           Hotels & Resorts Worldwide, Inc. issued April 27, 1999.
[{"type": "8-K", "sequence": "1", "secsgml_size_bytes": 5408}]
[{"company-data": {"conformed-name": "STARWOOD HOTEL & RESORTS WORLDWIDE INC", "cik": "0000316206", "assigned-sic": "6500", "irs-number": "521193298", "state-of-incorporation": "MD", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-07959", "film-number": "99613917"}, "business-address": {"street1": "777 WESTERCHESTER AVENUE", "street2": "SUITE 400", "city": "WHITE PLAINS", "state": "NY", "zip": "10604", "phone": "9146408100"}, "mail-address": {"street1": "2231 E CAMELBACK RD. 4TH FL", "street2": "SUITE 4O0", "city": "PHOENOX", "state": "AZ", "zip": "85016"}, "former-company": [{"former-conformed-name": "STARWOOD LODGING CORP", "date-changed": "19950215"}, {"former-conformed-name": "HOTEL INVESTORS CORP", "date-changed": "19920703"}]}, {"company-data": {"conformed-name": "STARWOOD HOTELS & RESORTS", "cik": "0000048595", "assigned-sic": "6798", "irs-number": "520901263", "state-of-incorporation": "MD", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-73069", "film-number": "99613918"}, "business-address": {"street1": "777 WESTCHESTER AVENUE", "street2": "STE 410", "city": "WHITE PLAINS", "state": "NY", "zip": "10604", "phone": "9146408100"}, "mail-address": {"street1": "2231 E CAMELBACK RD", "street2": "STE 410", "city": "PHOENIX", "state": "AZ", "zip": "85016"}, "former-company": [{"former-conformed-name": "STARWOOD LODGING TRUST", "date-changed": "19950215"}, {"former-conformed-name": "HOTEL INVESTORS TRUST /MD/", "date-changed": "19930506"}, {"former-conformed-name": "HOTEL INVESTORS TRUST", "date-changed": "19920703"}]}]
SECURITIES AND EXCHANGE COMMISSION 
                           WASHINGTON, D.C. 20549 
  
                                  FORM 8-K 
  
                               CURRENT REPORT 
                  PURSUANT TO SECTION 13 OR 15(d) OF THE  
                      SECURITIES EXCHANGE ACT OF 1934 
  
                                April 27, 1999                           
              ------------------------------------------------
              Date of Report (Date of Earliest Event Reported) 
  
                   Starwood Hotels & Resorts Worldwide, Inc.          
    ----------------------------------------------------------------------
    (Exact Name of Registrant as Specified in its Organizational Documents) 
  
           Maryland                      1-7959             52-1193298   
  ---------------------------          ------------     -------------------
 (State or Other Jurisdiction          (Commission        (IRS Employer  
      of Incorporation)                File Number)     Identification No.) 
  
                             777 Westchester Avenue
                         White Plains, New York 10604
             -----------------------------------------------------
             (Address of Principal Executive Offices and Zip Code) 
  
                                (914) 640-8100                              
            ----------------------------------------------------- 
             (Registrant's Telephone Number, Including Area Code) 
  
                                Not Applicable
        -------------------------------------------------------------
        (Former Name or Former Address, if Changed Since Last Report) 
  
                           Starwood Hotels & Resorts
             -------------------------------------------------
             (Exact Name of Registrant as Specified in Charter) 
  
       Maryland                          1-6828          52-0901263    
 (State or Other Jurisdiction              (Commission    (IRS Employer  
   of Incorporation)  File Number) Identification No.) 
  
                             777 Westchester Avenue
                         White Plains, New York 10604
            ----------------------------------------------------
           (Address of Principal Executive Offices and Zip Code) 
  
                                (914) 640-8100                              
            ---------------------------------------------------
            (Registrant's Telephone Number, Including Area Code) 
  
                                Not Applicable
       ------------------------------------------------------------
       (Former Name or Former Address, if Changed Since Last Report) 

 ITEM 5.  OTHER EVENTS. 
  
      On April 27, 1999, Starwood Hotels & Resorts Worldwide, Inc. entered
 into a Stock Purchase Agreement, together with ITT Sheraton Corporation,
 Starwood Canada Corp., Caesars World, Inc., Sheraton Desert Inn
 Corporation, Sheraton Tunica Corporation and Park Place Entertainment
 Corporation to sell (a) all of the issued and outstanding common stock of
 Caesars World, Inc. and Sheraton Tunica Corporation and (b) Starwood Canada
 Corp.'s partnership interests in Metropolitan Entertainment Group to Park
 Place Entertainment Corporation for approximately $3.0 billion.  The sale
 is expected to close in the fourth quarter of 1999, and is subject to the
 satisfaction of various conditions, including but not limited to obtaining
 certain regulatory approvals. The joint press release announcing that the
 Stock Purchase Agreement was entered into is included as Exhibit 99.1
 hereto and is incorporated herein by reference.

 ITEM 7.  FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS. 
       
  
      (a)  Financial statements of business acquired: 
  
           Not applicable 
  
  
      (b)  Pro forma financial statements: 
  
           Not applicable 
  
  
      (c)  Exhibits. 
  
      99.1   Joint Press Release of Park Place Entertainment and Starwood
             Hotels & Resorts Worldwide, Inc. issued April 27, 1999. 
               

                                 SIGNATURE 
  
      Pursuant to the requirements of the Securities Exchange Act of 1934,
 the registrant has duly caused this report to be signed on its behalf by
 the undersigned hereunto duly authorized. 
  
 Date:  May 7, 1999 
                          STARWOOD HOTELS & RESORTS  
                          WORLDWIDE, INC. 
  
                          By:  /s/ THOMAS C. JANSON, JR.                     
                             -------------------------------------------
                             Thomas C. Janson, Jr. 
                             Executive Vice President, General Counsel 
                             and Secretary 
  
  
  
  
                          STARWOOD HOTELS AND RESORTS 
  
                          By:  /s/ THOMAS C. JANSON, JR.                     
                             -------------------------------------------
                             Thomas C. Janson, Jr. 
                             Vice President, General Counsel 
                             and Assistant Secretary

                               Exhibit Index 
  
 Exhibit   Description 
  
 99.1      Joint Press Release of Park Place Entertainment and Starwood
           Hotels & Resorts Worldwide, Inc. issued April 27, 1999.