| April 4, 2006 - Tandy O. Lofland, president of the Intergroup Companies,
announced the finalization of a partnership for the operation, acquisition,
and partial conversion into fractional units of the Casa del Mar Beach
Golf & Spa Resort in Los Cabos, Baja California Sur, Mexico.
Lofland structured the new partnership with a group of international
investors including an affiliate of long-time partner and client Concorde
Finance and Investment, Inc.; Grupo Questro, one of Los Cabos' and Mexico's
leading tourism and community development groups; and an affiliate of Grand
Heritage Hotel Group which has assumed management duties and placed Casa
del Mar in its system of unique and historic hotels and resorts.
Located at the very center of the prime beachfront corridor in one of the world.s hottest tourism markets, Casa del Mar is adjacent to Las Ventanas al Paraiso, consistently voted the top resort in Latin America. Each of Casa del Mar's 56 large deluxe rooms and suites has stunning views of the wide white-sand beach, turquoise waters of the Sea of Cortez, the lushly landscaped pools and grounds, or the magnificent huge rock formations and The Arch at land's end, the tip of Baja California. The resort, a 19th century-styled classical Mexican hacienda, offers 4 food and beverage venues, 6 beautiful free-formed pools, a full-service spa, 4 tennis courts, large fitness center, and much more, including whirlpools in every room and suite. Casa del Mar is within Cabo Real, a 3,000-acre master-planned tourism development containing a Robert Trent Jones Jr. golf course (called the Pebble Beach of Mexico), 7 resort hotels, residential, and more by an affiliate of Grupo Questro. Future contemplated phases of Casa del Mar include fractional units conversion, spa enhancement, and upgrades and renovations throughout the resort. Casa del Mar was voted one of the Top 10 Mexican Gulf Resorts by Conde Nast Traveler Magazine in 2003 and Top 10 Mexican Beach Resorts - #4. by the Travel Channel. It was ranked Top 10 Best Golf Resort for a Family Trip in Mexico and Latin America and #1 Best Resort in Mexico & Latin America in terms of service, food, rooms, and other non-golf facilities by Travel & Leisure Golf 2003.
Intergroup's properties and projects number almost 1,000 with a value well over $1 billion. |
