Rosewood Hotels & Resorts to Manage Carenage Bay - Caribbean Collection Now Stands at Five -

Press Release: Rosewood Hotels & Resorts
November 15, 2000
DALLAS, TX -- Rosewood Hotels & Resorts announced yesterday it has reached an agreement with Canouan Resorts Development Ltd. (CRD) to manage its ultra-luxury resort, Carenage Bay, on picturesque Canouan Island, St. Vincent and the Grenadines, W.I.

Spread across more than 200 acres on the remote island in the Eastern Caribbean, 30 miles south of St. Vincent, and adjacent to Mustique, this $160 million luxury resort opened about a year ago. Designed by renowned Italian architects Luigi Vietti and Antonio Ferrari, the resort is European-styled with tropical and Mediterranean accents, evident in the colorful designs of the 155 villa suites -- all overlooking the sea. Against a spectacular white sand beach backdrop, Carenage features a magnificent par-72, 18-tee, 13-green, golf course, which is currently being extended to a full 18-hole championship course, a deluxe European casino, several private yachts, tennis, sports and scuba diving, a health and fitness center with spa facilities, one of the Caribbean's largest freshwater pools, four restaurants, and bars. CRD will continue to develop the land it owns adjacent to the resort for the construction and sale of luxurious, private villas.

``Carenage Bay is a perfect complement to our diverse and striking collection of resorts in the Caribbean,'' said Jim Brown, president and chief operating officer, Rosewood Hotels & Resorts. ``With our Martineau Bay property on Vieques set to open shortly, L'Avanbleu under construction on St. Lucia, and our two existing world-renowned resorts, Little Dix Bay and Caneel Bay, the Caribbean remains a popular location for Rosewood's clientele. We are committed to having a significant presence in this region. For a company that prides itself on its sensitivity both architecturally and humanistically to local environments, remote Caribbean enclaves are particularly appealing.''

``We know Rosewood's impeccable reputation as an operator of ultra-luxury resorts and as a company that designs resorts thoughtfully with an eye not only to guests' desires, but also to the destination and the preservation of its natural beauty and culture. We built Carenage Bay with this in mind, and we believe we have chosen a true partner in style and spirit with like-minded goals and philosophies,'' said Swiss investment banker, Antonio Saladino, CRD's chairman.

Carenage Bay will commence operations under Rosewood's management on November 12, 2000. In addition to spacious suites and villas, all with private terraces and many with seaside views, all rooms feature custom-made linens and fabrics, original works of art by renowned Italian artist Constanzo Rovati, all depicting objects found on Canouan Island. Guest amenities will include twice-daily maid service, daily laundry, mini-bar refrigerators, concierge service, and dual-line phones with Internet connection capabilities.

Canouan Island, one of the many Grenadine islands and cays that comprise the country of St. Vincent and the Grenadines, is serviced through five gateways including Barbados, Grenada, Martinique, St. Lucia and St. Vincent.

Rosewood Hotels & Resorts, headquartered in Dallas, Tex, manages properties on five continents worldwide including The Mansion on Turtle Creek in Dallas, The Lanesborough in London, and Las Ventanas al Paraiso in Los Cabos, Mexico. Each property is pre-eminent in its region, and artfully designed with local inspiration to create a distinctive sense of place(TM). Throughout its 21-year history, Rosewood has delighted guests -- and elevated hospitality to a new level -- by providing discreet, personal service and demonstrating remarkable attention to detail. Information on Rosewood Hotels & Resorts can be accessed at 888-ROSEWOOD or http://www.rosewoodhotels.com.

SOURCE: Rosewood Hotels & Resorts