Costa BayanA Breaks Ground in the Dominican Republic

Residential Resort Transforming Atlantic Coastline into Luxury Yachting and Golf Destination

MIAMI, Sept. 12 /PRNewswire/ — Costa BayanA Partners, an international real estate development company, announced today that construction has begun on Costa BayanA, its group of five-star, marina residential resorts in the Dominican Republic.

The multi-billion dollar destination will consist of three resorts: AtlanticA, OceanA and BayanA, developed on 11,000 acres, featuring 23 miles of Atlantic coastline between Puerto Plata and Montecristi.

“Costa BayanA will bring the best of European resort living to the Caribbean” said Pierre Schnebelen, President of Costa BayanA Partners. “It is designed to become the Costa Smeralda of North America, delivering the highest level of luxury to the most sophisticated clientele.”

Amenities at Costa BayanA will include five Signature golf courses, 260 super yacht hangers, three cruise ship piers and terminals with at least two 100,000 gallon fuel stations, commercial and general aviation airports, 28 boutique hotels, 850 shops and restaurants and 10,000 real estate units priced from $300,000 to $5.2 million – all within 10 pedestrian villages

Costa BayanA will be constructed within eight to 10 years. The first phase of the first resort, AtlanticA, is scheduled to be completed in December 2006 for the Grand Opening.

Spontaneous Animation

“Resorts are traditionally thought of as developments that limit activities to a chosen theme or what can be encompassed within the property itself,” said Schnebelen. “Unlike other resorts, Costa BayanA will offer unmatched diversity in a true Caribbean paradise.”

Pedestrian promenades will weave through the resorts’ villages with views of the Atlantic Ocean, the resorts’ golf courses, harbors and marinas. A market ambience with shops, restaurants and cafes will encourage “spontaneous animation” – a dynamic community of visitors and residents that is full of life and activities.

Yachting Haven/ Hurricane Hole

Situated in the center of the Caribbean archipelago, halfway between the Turks and Caicos Islands and Puerto Rico, Costa BayanA will feature more than 1,000 docking spaces in the Bay of Luperon, one of only two natural hurricane havens in the Central American Hurricane Zone.

“Costa BayanA will emerge as the number one yachting destination in the Caribbean,” said Schnebelen, and will serve as the epicenter for yachters sailing between North America and the Caribbean

The entrance channel at AtlanticA leads into the harbor which will accommodate 80 docking spaces. Further into the bay, the marina will feature 450 slips accommodating 40 to 160-foot yachts with power, water, waste removal, telephone and cable. Up to 500 additional yachts may be docked along the waterfront property.

AtlanticA Bay will encompass a cruise ship terminal where guests of luxury cruise lines will disembark in the heart of AtlanticA’s Harbor Village, a pedestrian promenade of boutique shops and sidewalk cafes.

At the end of the Grand Canal – at the far end of AtlanticA Harbor – a shipyard will be located, complete with ship chandlers, sail makers, chartering offices and crew member accommodations. This area will also feature dry docks with a crane and space to stow up to 200-foot yachts.

Palmer/Fazio Signature Golf

More than one million square feet of terrain for all levels of play comprise Costa BayanA’s five courses including AtlanticA’s Punta AtlanticA Arnold Palmer Signature Golf Course and the Canyon Jim Fazio Signature Golf Course, and still in planning stages, the Gran OceanA Golf Course at OceanA.

AtlanticA’s flagship ocean course, designed by Arnold Palmer, will feature 7,353 yards (6,724 meters) of links course, with seven fairways on the ocean to challenge even the most accomplished player.

The ocean course’s remaining 11 fairways will be set upon a landscape of naturally terraced bluffs with Atlantic views. This 600,000-square-meter course will be in close proximity to a luxury boutique hotel, European-style beach club and a private golf club. The Punta AtlanticA Arnold Palmer Signature Golf Course is scheduled for completion in December 2006,

The Canyon Jim Fazio Signature Golf Course will follow directly after, and will feature four fairways on the Atlantic shoreline and 14 holes surging from the coast into the area’s Las Colinas coral canyons. A third 18-hole course will be located wholly within the intricate folds of the Las Colinas canyons.

New Airport Service

Two new international airports are planned to service Costa BayanA. With a landing strip of 3,000 meters (3,280 yards), the airports will include 40 private jet hangers, as well as passenger and cargo facilities. Initial air service will include connections to North American and European gateways such as Santo-Domingo, San Juan, Miami, New York, Frankfurt, Munich, Madrid, London, Paris, Milan and Rome.

The commercial airport will be located near Montecristi and will be approximately a 10-minute drive from Costa BayanA’s OceanA Residential Resort, and about one hour with a hydrofoil service to AtlanticA and BayanA. The general aviation airport will be built between the AtlanticA and BayanA resorts.

About Costa BayanA Partners

Costa BayanA Partners is the chief developer of the three Costa BayanA residential resorts located on the north coast of the Dominican Republic. Decades of international experience with projects that have shaped the global resort and tourism industry have brought together a unique network of entrepreneurs and experts from the United States, Europe, Latin America and Asia, to build Costa BayanA’s three unique residential properties: AtlanticA, BayanA and OceanA.

Costa BayanA Partners is led by President Pierre Schnebelen, the visionary of the project. Mr. Schnebelen is globally recognized as a pioneer in the modern tourist resort industry, having completed more than 20 major destination resorts during the last 30 years, including Tignes and Val d’Isere resorts, pioneers of the contemporary ski resort concept, and today represent Europe’s premier ski area featuring over 100 hotels with 75,000 beds, together generating more than 3 million skier-days per year.

About Resorts of the World

Resorts of the World (www.resortsoftheworld.net) is a leader in high-end residential sales and marketing of the world’s finest residential report properties. Resorts of the World identifies real estate and high-end lifestyle trends to market properties to a qualified client base, managing the concept from start to finish, including direct marketing, advertising, and Internet sales. Based in Miami, Resorts of the World has a global client base, with a strong focus in the United States, Europe and Latin America. For more information call +1-786-888-9000.

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