Cypress and Staubach Select Montage to Operate Luxury Resort
Montage Royal Island Bahamas to be Centerpiece of Cypress Equities’ Private Island Community ne
DALLAS, TX, October 9, 2007. Cypress Equities, development affiliate of The Staubach Company, today announced the selection of luxury hotel operating company Montage Hotels & Resorts to manage Montage Royal Island Bahamas, an oceanfront destination resort, and to provide exclusive residential services for the private island community under development on Royal Island.
The 430-acre private island, with gentle rolling hills and 15 miles of coastline, is four miles west of Eleuthera, 50 miles northeast of Nassau and 190 miles east of Miami.
"We're delighted to name Montage Hotels & Resorts as our operator," said Chris Maguire, CEO of Cypress Equities. "As the anchor of our private island community, we sought a brand synonymous with the highest quality amenities and services to operate the resort and provide an array of exclusive residential services."
Maguire added, "We believe Montage is the ultimate luxury brand that will create memorable experiences for Royal Island guests and residents."
Alan Fuerstman, founder and CEO of Montage Hotels & Resorts, said his company "is extremely pleased and honored to partner with Cypress Equities in this innovative private island community. We share their vision of creating a unique resort and residential hideaway on this pristine island."
Fuerstman added, "We look forward to delivering highly personalized service, creating lifelong memories for our residents and guests, while playing an active role serving the local community of Royal Island and the surrounding Bahamian islands."
Montage Royal Island is slated to open in 2010. It will feature 60 guestrooms and 23 suites; 76 oceanfront and marina villas; Spa Montage; four restaurants; a beach club; golf; tennis, and recreational amenities.
Royal Island's private residential community will feature oceanfront estate homesites; oceanfront villas, and marina villas. The 275 single-family residences will be carefully situated on homesites ranging from 1/3-acre to 15 acres, with residency beginning in late 2009.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
