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 Kerzner Building 88 Condominiums On the East End of Paradise Island Near One&Only Ocean Club

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PARADISE ISLAND, The Bahamas – January 25, 2005 – Kerzner International Limited, a leading international developer and operator of destination resorts, casinos and luxury hotels announced today the detailed plans to develop 88 luxury condominium homes on the East End of Paradise Island near the legendary One&Only Ocean Club. Construction of Ocean Club Residences & Marina is scheduled to begin in Spring 2005 with completion slated for Spring 2007.  The luxury condominium homes will be built within the exclusive private enclave of Ocean Club Estates adjacent to the championship Ocean Club Golf Course.  The new Ocean Club Residences & Marina development will enjoy many of the services and amenities available to One&Only Ocean Club and Atlantis, Paradise Island resort guests. 
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One&Only Ocean Club on Paradise Island in The Bahamas has long held an incomparable allure to those who expect the best.  Now this supreme level of luxury will be available to homeowners of Ocean Club Residences & Marina.  Ocean Club Residences & Marina will be replete with beautiful gardens, resort-style pools, a fitness facility, 24-hour security, additional storage, covered and surface parking and a private marina that will accommodate yachts of up to 120 feet.  The four, six-story buildings will be 
Rendering - Ocean Club Residences & Marina; 
a partnership of Kerzner International and
Panda Ltd., a Kutz family company.
arranged on the site to take full advantage of prevailing breezes and capture expansive views of the gardens, Nassau Harbour, the championship Tom Weiskopf-designed golf course and the ocean. 

Homeowners will enjoy access to a private beach club on Cabbage Beach reserved exclusively for the owners of Ocean Club Residences & Marina and Ocean Club Estates.  The fully appointed beach club will include a colonial-style cabana with changing rooms and showers, an open-air bar, and a swimming pool. 

Each home will have abundant natural light, expansive balconies, and extraordinary interior finishes and appointments.  Purchasers may choose one of eighty three-bedroom/three-and-a-half-bath condominium homes or one of eight, four-bedroom/four-and-a-half-bath penthouses (media rooms may be converted to a fifth bedroom).  Home sizes will range from 3,000 square feet to 7,200 square feet. 

The buildings will feature Bahamian Colonial architecture with Bermuda roofs and 
rendered stucco exterior walls.  Each building will have four homes per floor on levels one through five and two penthouses on level six.  Two homes per floor on floors one through five will share an elevator lobby.  The elevator to each penthouse opens into its own  private vestibule.

Ocean Club Residences owners will also enjoy optional golf club membership, priority marina slip purchase, access to dining and spa facilities at One&Only Ocean Club including Jean-Georges Vongerichten’s Dune restaurant and the private treatment villas at One&Only Spa as well as access to all guest privileges at Atlantis. 

Ocean Club Residences & Marina will be developed in partnership with Panda Limited, owned by the Kutz family. 

About Kerzner International Limited
Kerzner International Limited (NYSE: KZL) is a leading international developer and operator of destination resorts, casinos and luxury hotels.  The Company’s flagship brand is Atlantis, which includes Atlantis, Paradise Island, a 2,317-room, ocean-themed destination resort located on Paradise Island, The Bahamas.  Atlantis, Paradise Island is a unique destination resort featuring three interconnected hotel towers built around a 7-acre lagoon and a 34-acre marine environment that includes the world's largest open-air marine habitat and is the home to the largest casino in the Caribbean.  The Company also developed and receives certain income derived from Mohegan Sun in Uncasville, Connecticut, which has become one of the premier casino destinations in the United States.  In the United Kingdom, Kerzner is currently developing a casino in Northampton and received its Certificate of Consent from the U.K. Gaming Board on March 30, 2004.  In its luxury resort hotel business, the Company manages nine resort hotels primarily under the One&Only brand.  The resorts, featuring some of the top-rated properties in the world, are located in The Bahamas, Mexico, Mauritius, the Maldives and Dubai.  Additional One&Only properties are either underway or in the planning stages in the Maldives and South Africa. 

Contact:

Kerzner International 
Lauren Snyder
+242.363.6018
lauren.snyder@kerzner.com
www.kerzner.com
 www.oceanclubresidences.com

Also See: The One&Only Sol Kerzner / HOTEL Asia Pacific / October 2004
J.T. Kuhlman Named CEO Of One&Only Resorts Company, Formerly President of Inter-Continental/Crowne Plaza; Kerzner Names Paul Jones to COO Position and Helen McCabe-Young as Senior VP, Marketing / October 2003


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