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 Pueblo Bonito Hotels and Resorts and JMJ Development
Jointly Developing Cabo Pacifica, a 1,200 acre
Mega Resort Project in Cabo San Lucas

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August 9, 2004 - Ernesto Coppel, CEO of the Pueblo Bonito Group of Hotels and Resorts and Tim Barton, CEO of JMJ Development, have announced the signing of a contract to jointly develop Cabo Pacifica, a 1,200 acre Mega Resort Project, that will include two championship golf courses, Hotel sites, as well as Villas, Condos and Residential home sites.

Pueblo Bonito Hotels and Resorts, one of the main developers of high-end time-sharing properties, will now venture in the resort development aspect of the tourism industry, in a project that will target the high-end market.  JMJ Development, a subsidiary of JMJ Holdings, is a world-class real estate development firm, which partners with private landowners in developing premier real estate projects throughout the entire world.

"We are very enthusiastic in working with Ernesto Coppel and his fine group of top-notch professionals in developing Cabo Pacifica, which we think will become Cabo San Lucas' finest Resort," comments Tim Barton, President of the, Dallas based, real estate development firm. Mr. Barton continues saying, "We think we have one of the most beautiful sites in the area, and will create a Resort that will only be reached through an exclusive, private, scenic road."

"In joining forces with JMJ, we are putting together, what we believe to be one of the best teams available in resort developments," explains Ernesto Coppel.  Mr. Coppel, a leader in the tourism sector in Mexico, adds, "We have one of the best properties in the Cabo San Lucas area and we are bringing in the best in each field in order to make Cabo Pacifica the most important Resort Development in Mexico."

Several leading hotel groups are already looking at Cabo Pacifica, as groundwork on the Cabo Pacifica project is scheduled to begin in the fall of this year.

Dallas-based JMJ Holdings, looking to participate more in the Mexican market, has recently opened a new office in Monterrey, Mexico. Mr. Eliud Garcia, Vice-President Latin America, is in charge of the office, which looks to increase JMJ's participation in the Latin American market.

JMJ Development, a subsidiary of JMJ Holdings, is a real estate development firm, which partners with private landowners in developing real estate projects throughout the entire world. The key to JMJ Development's success over the last two decades has involved the screening and selection of the most qualified and talented partners for each project.  At this moment, JMJ is developing two ultra-luxury hotel properties in Mexico at Punta Mita and Playa del Carmen, and at the same time developing properties in Colorado, Texas, Brazil and Indonesia. The firm is widely recognized for its abilities to deal with complex projects and has emerged as a leader in resort and tourism planning.

JMJ Advisors, another JMJ Holdings subsidiary, is an international investment bank providing a wide range of services, including mergers and acquisitions, financing, corporate alliances, financial opinions and advisory services and financial restructuring. Founded in 1980, the firm has offices throughout the world. Professional distinction in specialized areas is the cornerstone of the firm. 

The Monterrey office, under Mr. Garcia's leadership, will be working in developing new real estate projects in association with Latin American landowners and, at the same time, offering investment opportunities in JMJ development projects as well. This office will focus on resort and tourism projects, as well as commercial properties, in Mexico and the rest of Latin America.

Contact:
Eliud Garcia
Vice President Latin America
JMJ Development, Inc.
One Hickory Centre
1800 Valley View Lane
Suite 150, LB4
Dallas, Texas 75234
(972) 385-9934
egarcia@jmjholdings.com
www.jmjholdings.com

 
Also See: Pueblo Bonito Hotels & Resorts Acquires the Solare Vallarta Sunset Bay Resort; Will Renovate and Reposition as Samba Vallarta / June 2004
Andres Araya Named Resort Manager of Rosewood's Las Ventanas al Paraiso, Los Cabos / January 2004
Mexico's Emerging Destinations; The Riviera Maya, Punta Mita and the Cabo Corridor / Hans Desai / July 2004


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