Hotel Online  Special Report


The Capo Group Signs Conrad Hotels to Operate
the Hotel Component of Bimini Bay Resort


BRUSSELS, Belgium - July 13, 2005 -- Conrad Hotels, the luxury brand of the Hilton Family, yesterday signed a management agreement with the Bahamas-based RAV Bahamas Limited, a subsidiary of The Capo Group, to operate and manage Conrad's first hotel in the Caribbean, a luxurious 250-room hotel, spa and casino resort, located on the island of Bimini.

Clem Barter, President of Conrad Hotels, said, "We are honored to have been selected for this exclusive project in one of the most prestigious locations in the Bahamas. This will be an extraordinary property and it will fit our plan to expand in the Americas, as well as in other strategic parts of the world."

Gerardo Capo, Chairman of the Board of The Capo Group, owners of the hotel said: "We are pleased that Conrad, one of the world's finest hotel brands, is joining us to operate the hotel component of our Bimini Bay Resort. Our luxurious development, coupled with Conrad Hotels' experience, sets the stage for a success story in the Bahamas."

Attending yesterday's signing were: Rafael Reyes, President, The Capo
Group; Arthur Hernandez, VP, The Capo Group; Alejandro Capo, VP,
The Capo Group; Sean Grimberg, VP, The Capo Group; Minister Bradley
Roberts, Bahamas Minister of Public Works; Gerardo Capo, Chairman of
the Board, The Capo Group; Gregory Rockett, VP Development, Hilton
International - The Americas; and Ian Carter, CEO, Hilton International 
The Conrad Bimini Bay Resort and Casino, is part of an overall new seaside village, the Bimini Bay Resort. The hotel, which will be built in the second phase of the development, will offer 250 luxurious guest-rooms, several fine restaurants, an elegant marina, a spa and a casino. An additional wing of 160 residences will be constructed adjoining the hotel.

In a first phase, The Bimini Bay Resort will comprise 320 residential units, 150 marina berths, assorted retail and several restaurants. The subsequent phases will also include an 18-hole Robert Trent Jones golf course and residential villas. Overall, the resort will have 1,590 residential units spread over 700 acres, 500 marina berths, and five miles of white-sand beaches.

The Conrad Bimini Bay Resort and Casino, located 48 miles east of Miami on the island of North Bimini, Bahamas, is a 15-minute air flight or a 90-minute boat trip away. It will be completed during 2008. Bimini is the most beautiful island in the Bahamas. Seven miles long, it is the most western island in the Bahamas and the closest foreign island to the US mainland. Acting as a gateway to the Bahamas, Bimini is internationally known as the fishing capital of this region.

Other Conrad management agreements are in various stages of negotiation in the United States and opportunities are being evaluated in Europe and in the Middle East. Details on these projects will be announced as plans are finalized.

Besides Bimini Bay, new Conrad hotels are scheduled to open in Indianapolis, USA, and Phuket, Thailand in 2006; Las Vegas, USA and in Dubai, United Arab Emirates in 2007; and Beijing in 2008.

Conrad Hotels

With 18 award-winning luxury hotels strategically located in capital cities and exotic resorts in Europe, the Americas, Asia Pacific and Middle East/Africa, Conrad offers value to both business and leisure travelers, by establishing and maintaining the highest levels of service delivery with the renowned "Conrad Service Culture." The hotels provide fine accommodation, excellent restaurants, fully equipped health clubs and sophisticated conference and meetings facilities. Since 2000, Conrad Hotels is a joint venture equally owned by Hilton Hotels Corporation and Hilton International.

The Capo Group

The Capo Group has been developing in Dade County and internationally for 30 years; delivering over 7,000 homes and condominiums under the leadership of its Chairman of the Board, Gerardo Capo.

Being a family-owned enterprise, Mr. Capo has brought in his son and sons-in-law to direct and manage the companies, spearheaded by Rafael Reyes, President of RAV Bahamas Ltd. as well as a leadership team of divisional Vice Presidents including Alejandro Capo, Sean Grimberg, and Arturo Hernandez.

RAV Bahamas Ltd. is one of many companies owned by The Capo Group and the proud developer of Bimini Bay Resort + Casino.


Conrad Hotels

Also See: Dieter Huckestein Named Chairman and CEO of Conrad Hotels; Targets 50 Hotels by 2010 / February 2005
Hilton Worldwide Resorts Expanding with 14 New Resorts to Open In the Next Two Years / February 2005

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