Press Release: Rosewood Hotels & Resorts
August 8, 2002
DALLAS, TX -- Rosewood Hotels & Resorts announced yesterday it has signed a contract to manage a second property
in Mexico, at Punta Mita, 35 miles northwest of Puerto Vallarta. The announcement was made by Jim Brown, president
of Rosewood Hotels & Resorts. Development partners include Santa Barbara Partnership and DINE, chief real estate
developer of Punta Mita (a subsidiary of DESC).
The Rosewood property at Punta Mita will be located on the Pacific Ocean along a pristine beachfront. The project
will be a gated, low-density development, designed and built to the highest international standards.
"We are very pleased to be a part of this extraordinary development. The natural beauty of the area, the vision
and thoughtful approach of the development team, and the demonstrated respect for the local culture were all attractive
to us. Punta Mita quite naturally embraces 'a sense of place®' philosophy, which is the signature philosophy
of Rosewood," said Jim Brown, president, Rosewood Hotels & Resorts.
"With the addition of a Rosewood resort, Punta Mita is setting a new standard for luxury resort communities,
not only in Mexico, but in the world," said Andres Banos, Vice President, Real Estate Sector of DESC, and
Chief Executive Officer of DINE.
The project will be designed to optimize the topography and natural beauty of the site. It combines ultra-luxury
hotel facilities with exclusive resort villas that will be provided with certain Rosewood services.
Initial plans consist of 70 Rosewood guest rooms and 53 villas (whole and fractional ownership) nestled into a
hillside, with stunning ocean views and surrounded by natural rock outcroppings. Guest rooms will be a spacious
700 square-feet in size, and each will have both a fireplace and plunge pool.
A key feature of the resort is certain to be its spa, with 14 treatment rooms and 2 spa suites for ultimate privacy,
to be located on the property's rocky oceanfront point. Proposed dining choices will include an open-air main restaurant,
a beach club, and a spa cafe. In addition, the resort will have a small village with retail outlets, deli, bakery,
and gourmet shop, as well as one adult and one children's pool, both with ocean views.
"We've had extremely good fortune with our first entree into Mexico-Las Ventanas al Paraiso, a property with
the highest occupancy and average rate in our collection and virtually in all of Mexico. We see Punta Mita as a
strong sister property to Las Ventanas, providing guests with a distinctively different location, yet similar exquisite
service and amenities for which Las Ventanas is renowned around the world," said Brown.
Groundbreaking is anticipated to take place November 2002, with the opening projected for Fall, 2004.
Rosewood Hotels & Resorts, headquartered in Dallas, Texas, manages properties on five continents worldwide
including The Carlyle in New York City, The Mansion on Turtle Creek in Dallas, Las Ventanas al Paraiso in Los Cabos,
Mexico, and Badrutt's Palace in St. Moritz, Switzerland. Each property is preeminent in its region, and artfully
designed with local inspiration to create "a sense of place®." Throughout its 23-year history, Rosewood
has delighted guests and elevated hospitality to a new level by providing discrete, personalized service and demonstrating
remarkable attention to detail. For more information on Rosewood Hotels & Resorts, call 888-Rosewood, or visit
the website at www.rosewoodhotels.com .
SOURCE: Rosewood Hotels & Resorts