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DINE, Developer of Punta Mita, Achieves Ecological
Excellence; The Rosewood La Solana Resort and
a Starwood Luxury Property Set to Join the
The Four Seasons Resort

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PUNTA MITA, MEXICO (April 12, 2005)   Punta Mita's reputation continues to soar, as the destination consistently ranks among the world's most desirable. Mexico's premier resort lies on the Pacific Coast, just north of the Puerto Vallarta International airport.

The 1,500-acre peninsula wins praise for its luxury and landscape, but also for environmental sensitivity. The Mexican government singled out Punta Mita for Ecological Excellence. In fact, DINE, developer of Punta Mita, and its Four Seasons Golf Club and Jack Nicklaus Signature Golf Course, was the only tourism entity thus honored for sustainable development in 2004.

Punta Mita continues to attract media attention. The Robb Report dubbed it the "star of the Pacific Coast". Conde Nast Traveler awarded the golf course top marks, including a perfect 100 score for speed of play. Other feature stories ran recently in The New York Times, USA Today, Luxury Living, Private Air and Amura (Mexico), among many others.

The Four Seasons Resort attracted record numbers last year, with average annual occupancy rates topping 80%. Revenues also hit a high-water mark, placing Punta Mita among the company's top-performers. The resort won't rest on its laurels, however; expansion plans include construction of a new 4-bedroom oceanfront Presidential suite and a new "Zen pool", surrounded by a teak sundeck, sushi bar, and eight built-in cabañas with mini-bar, flat-screen TVs, and high-speed wireless Internet access. This pool, slated for completion by mid-December 2005, will have a sexy, "lounge" feel to the area. 

Starwood Hotels & Resorts joined this elite community in late 2004. The company will develop a luxury-branded, 120-room resort. Its complex, south of the Four Seasons,   will also include full ownership and fractional vacation-ownership elements. Starwood plans to break ground in fall 2005, then open its doors late in 2007. 

Real estate sales are booming. Experts predict a 50 percent gain on 2004's record figures. The Four Seasons Private Villas sold out its first phase. Prices ranged from $1.8 4.5 million USD for the 15 hillside villas and the three elite oceanfront properties. 

Buyers also snapped up the first two phases of the La Punta sites on the ocean, priced between $2.6 3.1 million USD. Other neighborhoods of oceanfront home sites sold out, including the 20 Ranchos estate lots, and the 4 Signature Estates that feature views to the famed 3B island hole of the Jack Nicklaus signature golf course. Lagos del Mar has just two lots still available, among the 32 clustered around the golf course.

Punta Mita has new real estate offerings, as well. Las Palmas de Punta Mita is a golf and ocean-view community of 54 attached villas and 50 condominium units. Three remain available from the 28 first-phase villas released in October 2004. Prices started just under $1 million. This May, the second phase of villas will be released. El Encanto en Punta Mita is currently marketing nine units. Eventually, this exclusive community will blossom into 17 oceanfront residences, 46 attached town homes (with ocean and golf views) and a private beach club.

La Terrazas Golf Villas released 27 condominiums for sale. Located on the Jack Nicklaus golf course, these units begin at $575,000 USD. Four Seasons Private Villas releases its second phase in May 2005. These 12 deluxe villas have selected services and amenities provided by the Four Seasons Resort. Prices should start at just over $2 million USD. January 2005 saw the third and final phase of La Punta oceanfront estate sales. All 12 home sites, worth $2.3 4.5 million USD each, are reserved. Punta Mita hopes to welcome two additional communities this year as well. 

Catch the latest Punta Mita news on the Internet. This peerless neighborhood will re-launch www.puntamita.com.mx this April. This site   and its sibling www.punta-mitaproperties.com   contains detailed information on the area's resorts, community amenities, luxury rentals and real estate services.

Developer DINE just established a new company, concentrating on residential services. Owners can enjoy property management, rental services and a residential concierge. Soon a second golf course   also bearing the Jack Nicklaus signature   will begin construction (look forward to tee-times in mid-2007).
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About Punta Mita:

Punta Mita is an innovative, master planned resort and residential community covering more than 1,500 acres on a spear-shaped peninsula, surrounded on three sides by white sand beaches, Pacific Ocean waters and lush tropical flora. The resort is a gated, low-density development and has been planned and designed in accordance with the highest quality of international real estate development and environmental standards. Punta Mita is currently home to The Four Seasons Punta Mita Resort, and the Jack Nicklaus Signature Golf Course at Punta Mita, as well as various residential homes. The new Rosewood La Solana Resort is currently under construction, expected to open in 2006. The master plan of Punta Mita calls for a total of up to five boutique luxury hotels, as well as a variety of exclusive residential offerings and estate lots. A total of three championship golf courses plus a tennis center, beach clubs, spa and fitness center, yacht pier, and a small commercial village will complete this very privileged residential resort community. DINE, Mexico's premier real estate development company and a subsidiary of DESC, is the owner and developer of Punta Mita. DINE is Mexico's premier real estate developer with commercial, residential and master planned communities throughout Mexico. DESC is one of Mexico's largest corporations with interests in four sectors: real estate, petro-chemicals, auto parts and food products. 888-647-0979, www.punta-mitaproperties.com.

About DINE, S.A. de C.V., Owner/Developer

DINE, S.A. de C. V. (pronounced "dee-nay"), is Mexico's leader in exclusive commercial, residential and resort property development. DINE has developed a landmark business model of building residential resort developments to world-class standards, specifically targeted to affluent international consumers.

Founded in 1978, DINE is a wholly owned subsidiary of DESC, S.A. de C.V. (NYSE DES), one of Mexico’s largest corporations with diverse, balanced, commercial interests. As the real estate arm of DESC, DINE has been at the forefront of large-scale, high-end real estate development in Mexico, and has a development portfolio that includes:

  • Bosques de las Lomas, the most prestigious residential development in Mexico City
  • Arcos Bosques Corporativo, one of Mexico City’s largest commercial office complexes
  • Centro Santa Fe, the largest, most exclusive, upscale shopping mall in Latin America, with annual sales exceeding those of any mall in Mexico
  • Punta Ixtapa, an oceanfront luxury master planned resort community in the resort destination of Ixtapa/Zihuatanejo
For more than 22 years, DINE has been a financially secure company with a solid development strategy. The company has maintained a consistent growth pattern in sales and revenue. For all real estate projects, DINE purchases the land slated for development and proceeds with construction at the most opportune time.

DINE’s latest development project is the master planned resort community Punta Mita, with vast acreage of pristine beachfront. The project is a gated, low-density development, designed and built to the highest international standards. Also located on the exclusive Punta Mita environment is Four Seasons Punta Mita, the first Four Seasons resort in Latin America. Four Seasons Resort Punta Mita opened in December 1999 and has been a tremendous success. All residential property owners may enjoy membership privileges in the exclusive, private Jack Nicklaus Signature Golf Course at Punta Mita.

The residential development at Punta Mita will strictly adhere to DINE’s philosophy of incorporating high-quality residential designs with ecological sensitivity. All projects are designed and built to be in harmony with the natural landscape, and with a consciousness to the long term preservation of the environment, both key priorities in DINE’s development strategy.

DINE has a successful, proven business plan that facilitates the needs and desires of the affluent international real estate buyer. As a new economic era opens in Mexico, experience and commitment to excellence puts DINE in the forefront.

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Contact:

Andria Mitsakos
561.266.0568
andria@andriamitsakospr.com
www.punta-mitaproperties.com

Also See: Strategic Hotel Capital Acquires Four Seasons Resort Punta Mita in Mexico; Acquisition Marks Intention to Increase Transaction Activity for Private Equity Group / Mar 2001
Mexico Real Estate Developer Awards Rosewood Contract To Manage Luxury Property in Punta Mita, Mexico / Aug 2002
Mexico's Emerging Destinations; The Riviera Maya, Punta Mita and the Cabo Corridor / Hans Desai / July 2004


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