DC4MS

Exclusive Resorts Opens Doors to First Members-Only Resort

New $75 Million Costa Rica Development Represents Club’s Largest Project Yet, Three Years of Planning and a First for Destination Clubs

Denver and Washington, January 24, 2007 - Exclusive Resorts raises the bar again for luxury destination clubs as it opens the industry's first members-only resort, complete with 21, 4,000-square-foot luxury residences and a 20,000-square-foot member club house. Located at Peninsula Papagayo, a 2,300 acre residential resort community on the north Pacific coast of Costa Rica, the Club's "Poro Poro" development was created by Exclusive Resorts from the ground up for its members, with a new standard of custom homes, luxurious amenities and personalized service.

"Our Poro Poro development shows clearly why Exclusive Resorts is a dramatically better way to vacation," said Donn Davis, CEO of Exclusive Resorts. "At Poro Poro, our members can spread out with large groups of family and friends in the private, cliff-side infinity pool of their residence, enjoy a special dinner from a local private chef on their ocean-front terrace, or experience nearby activities such as a zip-line in the jungle to twilight golf arranged by their on-call concierge."

Named after a native Costa Rican tree, Poro Poro is a $75 million, 20-acre destination community nestled into the oceanfront bluffs of Peninsula Papagayo. Ten of the glass-front homes in the Poro Poro development are available to the club's 2,500 members this month, with the remaining 11 scheduled to open this summer.

Each of the free-standing, ocean-facing residences sits on almost one acre of land and offers expansive views of the ocean and forest. The four-bedroom, four-bath homes are equipped with every imaginable luxury and include generous outdoor living spaces with outdoor showers and private, infinity-edge pools and whirlpools. The architecture and design for the development, featuring arching rooflines, indigenous materials and work of local artisans, was a collaborative effort between Exclusive Resorts and Costa Rican firms Zurcher Arquitectos and Fusion Interior Design, S.A.

The centerpiece of Poro Poro is the 20,000-square-foot member club house, which features casual grill dining, a French-trained chef, adult's and children's pools, a game room for kids, a fitness facility and a member lounge. Terraces and expansive decks that wrap around the club house provide an ideal spot for Exclusive Resorts members to relax and soak up ocean breezes and dramatic scenery.

Poro Poro is one of seven premier resort developments scheduled to open for Exclusive Resorts members in 2007 and 2008. Each project was carefully selected by Exclusive Resorts management and will expand the company's portfolio to more than 400 luxury residences. The developments are: Exclusive Resorts Private Enclave at The Ritz-Carlton, Grand Cayman; The Arrabelle at Vail Square, Vail, Colorado; Kapalua Bay, Maui; Ho'olei, Wailea, Maui; Viceroy Resort, Anguilla, British West Indies; and continued expansion in Tuscany, Italy.

"While the opening of Poro Poro is a spectacular achievement for our club, we are not resting," added Davis. "Exclusive Resorts is developing over 120 new residences around the world exclusively for our members, and the best is yet to come. Because of our financial strength and commitment to excellence, Exclusive Resorts is uniquely positioned to seek out real estate gems like this one early and develop them into dream destinations for our membership."