Acquisitions & Hotel Openings

LaTour to Manage Los Veneros Resort, Punta de Mita Peninsula, Nayarit, Mexico

SAN DIEGO, CA - August 5, 2010 - LaTour Hotels and Resorts, which offers personalized luxury hospitality management services for four- and five-star properties worldwide, has announced it will manage Los Veneros Resort and Residences, located on the prestigious Punta de Mita peninsula along the northern coast of the Bay of Banderas on the Riviera Nayarit, Mexico.

LaTour Hotels and Resorts will offer management of the Homeowners Association, concierge services, extensive residential services for owners, a rental program and exchange opportunities.

“Mexico is my favorite vacation destination in the world, particularly Punta de Mita,” said Tom LaTour, chairman of LaTour Hotels and Resorts. “Introducing the LaTour brand to this extraordinary coastal locale is crucial to our long term objectives.”

Los Veneros is an oceanfront resort and residential community currently comprised of 91 luxury residences in three buildings spread across 37 acres. Sixty-six of the homes are finished and 25 are nearing completion, scheduled to open in December 2010. In addition, the property presents a chic Beach Club with bar and grill, an oceanfront pool, recreational water sports and spa and health club facilities. The community also features a large reception and Discovery Center, lush gardens and walking trails. Future phases will expand on Los Veneros’ offerings.

Located on the beachfront of Banderas Bay, the largest natural bay in Mexico, Los Veneros is a natural sanctuary where an expansive stretch of smooth white sand beach meets a tropical jungle landscape and ecological reserve. Harmoniously combining the beauty of its location with the comforts and amenities of a world-class destination, the focal gathering point of Los Veneros is its Beach Club where surfside activities abound. The broad beach fronting Los Veneros is ideal for leisurely strolls, beach volleyball or building sandcastles.

The inviting waters are a natural playground for all types of ocean activities, including kitesurfing/windsurfing, kayaking, standup paddle surfing – and is also recognized as one of the most favored surf breaks in the region. With one of six popular surf breaks in the Punta de Mita region, the area is growing in popularity as an accessible surf destination. Other nearby recreational activities include snorkeling, scuba diving, fishing, sailing and whale watching.

Within the secure, gated community of Los Veneros, the collection of fully-furnished luxury residences feature spacious three- to four-bedroom floor plans with sizeable balconies or terraces for enjoying indoor/outdoor living. In some instances, residences have their own private pools. There is also a large swimming pool located in front of each building, offering residents and guests additional options for enjoying the tropical outdoors.

The developer of Los Veneros is a joint venture between ICON Group and OUEST Developments, both of which have had a long proven track record of success in the luxury residential market in Mexico.

Through their extensive program of travel services, LaTour Hotels and Resorts will offer vacation rentals at Los Veneros.

In Mexico, LaTour also manages El Secreto Residences and El Caracol Condos & Penthhouses in San Miguel de Allende. Delcanto, a condominium resort currently under construction in Nuevo Vallarta on Flamingos Beach, will also be managed by LaTour Hotels and Resorts upon its completion in late 2010.

For more information on Los Veneros, visit http://www.losveneros.com.

About LaTour Hotels & Resorts
With headquarters in San Diego and San Francisco, LaTour Hotels & Resorts offers customized, luxury hospitality management services for four- and five-star properties. The company’s goal is to make the ownership experience as unique, tailored and memorable as possible through superior service, distinctive amenities, imaginative activities and an obsessive attention-to-detail.

Offering services ranging from conceptual planning through marketing, sales, staffing and operations, LaTour Hotels & Resorts specializes in managing new and existing luxury fractional, private residence club, hotel, mixed-use and condo resort developments. The global company currently operates properties in the United States, Mexico and Thailand with expansion plans throughout Asia, South America and Europe.

For more information on LaTour Hotels and Resorts, visit http://www.latourhotelsandresorts.com or contact Sarah Rezak at 619-683-2470 ext. 1659 or e-mail srezak@latourhotelsandresorts.com.

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