Trump Baja, Mexico Sells $120+mil in Resort Residences

Real Estate Selection Event Sets New One-Day Sales Record for Mexico

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. October 14, 2008

DECEMBER 11, 2006. On Friday December 8th, buyers purchased more than $122 million of Trump Ocean Resort Baja, Mexico's condo-hotel residences, setting a one-day real estate sales record for the country. Priced from the $200,000s to nearly $3 million, the 188 suites sold represented 80% of Phase I of the project.

The Trump Baja results come just one month after the one-day, world record $700 million sell-out of Trump International Hotel & Tower Waikiki Beach Walk(TM). Combined, Baja and Waikiki topped $820 million in luxury residences sold during the two single-day sales events.

Partners in both projects include The Trump Organization, with Los Angeles-based development partner Irongate and sales & marketing firm S&P Destination Properties.

'The success of Trump Ocean Resort Baja has capped off an extraordinary month for our luxury real estate offerings,' said Donald J. Trump. 'We're looking forward to starting construction and creating one of the finest resorts in all of Mexico.'

'Trump will be the first truly world-class resort in Baja,' said Jason Grosfeld, co-founder of Irongate. 'The design, architecture and service will be unsurpassed in the region.'

Located just 30 minutes from downtown San Diego, Trump Ocean Resort Baja will be highly distinguishable from other properties in the area. The property will boast a collection of amenities and features found only at luxury resorts, including an owner's concierge; a lobby bar & lounge; a pool house bar & caf'e; a fine dining restaurant; an infinity edge resort pool; lap and family pools; a spa and fitness center; tennis courts and walking trails.

'As evidenced by Friday's sales results, Baja is clearly gaining momentum as a destination,' said Sid Landolt, president of S&P Destination Properties. 'This is more good news for the resort real estate market. Clearly there's still a lot of interest and demand for high-end vacation real estate.'

Construction is scheduled to begin in early 2007 with the completion of the first tower anticipated in late 2008. Phase Two is set to be released in early 2007.