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Cypress Equities and The Staubach Company Selects Montage Hotels
& Resorts as Operator of Luxury Resort in Bahamas
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Montage Royal Island Bahamas to be Centerpiece of Cypress
Equities’ Private Island Community near Eleuthera

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DALLAS, Oct. 9, 2007 - Cypress Equities, development affiliate of The Staubach Company, today announced the selection of luxury hotel operating company Montage Hotels & Resorts to manage Montage Royal Island Bahamas, an oceanfront destination resort, and to provide exclusive residential services for the private island community under development on Royal Island.

The 430-acre private island, with gentle rolling hills and 15 miles of coastline, is four miles west of Eleuthera, 50 miles northeast of Nassau and 190 miles east of Miami.

“We’re delighted to name Montage Hotels & Resorts as our operator,” said Chris Maguire, CEO of Cypress Equities. “As the anchor of our private island community, we sought a brand synonymous with the highest quality amenities and services to operate the resort and provide an array of exclusive residential services.”

Maguire added, “We believe Montage is the ultimate luxury brand that will create memorable experiences for Royal Island guests and residents.”
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Alan Fuerstman, founder and CEO of Montage Hotels & Resorts, said his company “is extremely pleased and honored to partner with Cypress Equities in this innovative private island community. We share their vision of creating a unique resort and residential hideaway on this pristine island.”

Fuerstman added, “We look forward to delivering highly personalized service, creating lifelong memories for our residents and guests, while playing an active role serving the local community of Royal Island and the surrounding Bahamian islands.”

Montage Royal Island is slated to open in 2010. It will feature 60 guestrooms and 23 suites; 76 oceanfront and marina villas; Spa Montage; four restaurants; a beach club; golf; tennis, and recreational amenities.

Royal Island’s private residential community will feature oceanfront estate homesites; oceanfront villas, and marina villas. The 275 single-family residences will be carefully situated on homesites ranging from 1/3-acre to 15 acres, with residency beginning in late 2009.
Planned amenities include the first-ever Jack Nicklaus Golf Club of the Bahamas, featuring the 18-hole Jack Nicklaus Signature Golf Course, with 14 oceanfront holes, oceanfront clubhouse, pro shop, event lawn and private dining room, to open in late 2009. The island will also offer a 140-acre naturally protected deep-water yacht marina, with 200 slips ranging from 50 to 400 feet, scheduled to open in mid-2009.

Additional features include a marina village with restaurants, retail shops and customs and immigration office; recreational watercraft and watersports; beach clubs and a children’s activity center; a theatre for movies and live entertainment; and a medical center.

Royal Island is easily accessible by air via North Eleuthera International Airport’s (ELH) 6,000- foot runway and a 10-minute cruise by watercraft from Royal Island’s private Dock House on Eleuthera.

Royal Island is being developed by Cypress Equities, The Staubach Company, and Behringer Harvard.

Cypress Equities was founded in 1995 as the development affiliate of The Staubach Company. With development offices in Dallas, Atlanta, New York, Phoenix and San Francisco, it is an independent company with a dedicated staff that focuses on portfolio acquisition; build-to-suits; project development; sale-leasebacks and other development services for retail, automotive, hotel and resort property. Former Dallas Cowboys' quarterback Roger Staubach left America's team to form his own. The Staubach Company, founded in 1977, provides real estate advisory services to office, retail, and industrial tenants.
http://www.cypressequities.com

Behringer Harvard is an integrated commercial real estate company investing in assets domestically and internationally. The company offers strategic real estate program opportunities across a wide spectrum of investment styles for retail investors, as well as domestic and international institutions, through its real estate investment trusts, partnerships, joint ventures and proprietary program structures.
http://www.behringerharvard.com

Montage Hotels & Resorts is an ultra-luxury hotel and resort management company founded by Alan Fuerstman. The company’s flagship oceanfront resort, Montage Laguna Beach, opened in February 2003 in the vibrant arts community of Laguna Beach, California. The company’s second property, Montage Beverly Hills, will open in the fall of 2008 in the heart of the Beverly Hills golden triangle. Montage Deer Valley, in Park City, Utah, is currently under construction, and Montage Los Cabos, in Cabo San Lucas, Mexico, is currently under development. Montage Royal Island, Bahamas, is scheduled to open in 2010. For more information, please visit http://www.royalislandbahamas.com.

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Contact:

    Cypress Equities
    Jeca Salas
    972/361-5544
    jeca.salas@staubach.com

Montage Hotels & Resorts
Kacey Spies
    Director of Public Relations
    949/715-6116
    kspies@montagelagunabeach.com
 

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Also See: Montage Hotels & Resorts, a Newly Formed Luxury Hotel Operating Company, Set to Open the Company's Namesake and Flagship - The Montage Resort & Spa / January 2003
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