Banyan Tree Residences Mayakoba Offers Rare Opportunity to View Completed Resort Prior to Purchase

Prospective Buyers Have Chance to Experience Banyan Tree Lifestyle First-Hand, View Residence Post-Construction During Soft-Opening Phase

RIVIERA MAYA, Mexico, February /PRNewswire/ — As resort residences across the world are halting construction and pushing completion dates back, Banyan Tree Residences Mayakoba is bucking the trend by finishing all construction on schedule. Final touches are being made to Banyan Tree Residences Mayakoba this month, making the property the first and only completed, whole-ownership residential project on the coveted Mayan Riviera.

The property’s unique status significantly mitigates the risk often associated with pre-construction purchases for those who are interested in purchasing a resort residence. Banyan Tree Residences Mayakoba offers potential buyers the rare opportunity to actually see, tour, and stay in the residence they wish to purchase before doing so.

On January 15, 2009, Mr. Ho Kwon Ping, Executive Chairman of Banyan Tree Hotels and Resorts, paid a visit to the site to review the progress of Banyan Tree Mayakoba.

“Banyan Tree Mayakoba represents a significant milestone for the Banyan Tree Group as this is our first foray into North America,” stated Mr. Ho Kwon Ping. “As an innovative development comprising all-pool villas and the first hydrotherapy spa circuit, the project will raise the bar for hospitality in the Yucatan peninsula, and add considerable value to its investment landscape. We are proud to be associated with the prestigious Mayakoba marque, and look forward to the resort’s grand opening on March 1, 2009.”

Located within the Mayakoba integrated development, a unique community composed of four leading hoteliers – Rosewood, Fairmont, Viceroy and Banyan Tree – owners at Banyan Tree Residences Mayakoba will have access to the best of the best in luxury spas and fitness centers, top chefs serving wide-ranging cuisine at more than fifteen dining establishments, PGA TOUR golf course El Camaleon, designed by Greg Norman, and the culture, arts and entertainment of the celebrated Riviera Maya region.

Mayakoba’s master developer, OHL – among the largest construction and service groups in the world – recently announced plans at the International Tourism Fair to supplement their initial Mayakoba investment of more than $1 billion with yet another several hundred million dollars over the course of the next few years.

About Banyan Tree Hotels and Resorts

The leading international operator in the boutique resort, residences and spa industry, Banyan Tree offers a signature blend of romance and travel with a green conscience. The philosophy behind the hotels, resorts, residences, spas, retail galleries and destination club is based on rejuvenation of the body, mind and soul – a Sanctuary for the Senses. To date, the Banyan Tree Group manages and/or has ownership interests in over 20 resorts and hotels, over 60 spas, in excess of 60 retail galleries; as well as two golf courses.

About Mayakoba

Mayakoba is situated just south of Cancun on Mexico’s prized Caribbean coast – the Riviera Maya. A mere 40-minute drive from the towering hotels of Cancun visitors will discover a completely different experience. Here, nestled in a lush natural paradise, lies Mayakoba, a truly unique resort destination. Mayakoba is comprised of four luxury resorts, each featuring a range of culinary and spa experiences. An 18-hole Greg Norman championship golf course, El Camaleon, managed by Fairmont Hotels & Resorts, offers players an ever-changing terrain that moves gracefully from mangroves to the sea. Created to harmonize with the unspoiled tropical forest, Mayakoba is connected with a series of lagoons enabling guests to wander effortlessly from place to place through the resort using the “lanchas” (covered boats) as well as a network of trails. Mayakoba is a luxury destination like no other where you are immersed in unspoiled natural beauty and the mysteries of an ancient civilization.