| PRASLIN BAY, St. Lucia, Jan. 23, 2006 - Starwood Hotels & Resorts
Worldwide, Inc. (NYSE: HOT) and DCG Properties, Ltd., announce plans for
a major Westin hotel as the centerpiece of Le Paradis, a new luxury development
on the idyllic Caribbean island of St. Lucia. This luxury condominium
resort will feature 232 guest rooms, as well as an 18-hole Greg Norman-designed
golf course managed by Troon, an international spa with 26 treatment rooms.
Future construction includes a 40-slip marina, marina village, five star
boutique hotel, upscale boutique shopping and commercial centre. Starwood
will manage the hotel and condominiums under its upper-upscale brand, Westin
Hotels & Resorts. The hotel is scheduled to open in August 2007.
As one of the showpieces of a booming Caribbean tourism market, St.
Lucia was recently rated by Oprah's O Magazine on page 288 of the Fifth
Anniversary edition, as first among five must-see places in one's lifetime.
St. Lucia as a destination or second home location has definitely jumped
into the top tier.
Nestled in the lush coastal foothills of the east coast of St. Lucia,
the 554-acre resort showcases the island's stunning beauty matched by no
other location in the Caribbean. Providing a secluded yet accessible
tropical haven and embraced by almost three miles of coastline, Le Paradis
boasts small bays and distinctive peninsulas just 20 minutes from the international
airport with direct-air access to major cities in North America and the
U.K.
Described by the legendary Greg Norman as absolutely breathtaking,
the Le Paradis design from the 1st tee to the 18th hole provides the golfer
every variation, including inland parklands climbing to the ridgeline holes
at 600ft (186 meters) above sea level, then descending to four stunning
coastal side holes wrapping around the Galet Bay. The par 3 signature 14th
hole at the end of the Galet Peninsula is surrounded on all sides by the
ocean, plays directly into the trade wind and provides stunning and unparalled
visuals. At the 14th hole, the player knows he has reached golfing
heaven.
St. Lucia's real estate and hospitality markets have taken off in recent
years and are poised for continued appreciation and growth. The pristine
east coast of St. Lucia will provide the ideal setting to reward both owners
and guests.
"Le Paradis is destined to be the next Caribbean paradise and St. Lucia's
premier luxury development offering the best in resort living," said Kierron
Dolby, Developer and Managing Director of DCG Properties, Ltd. "The
Westin name and its strong loyalty base will attract the exact customer
we are targeting for guests of the hotel, as well as potential owners of
the condominiums."
About DCG
DCG Properties Limited was formed for the purpose of developing the
proposed multiphased destination at Le Paradis, Praslin Bay, St. Lucia.
Kierron Dolby is founder, major shareholder and Managing Director of DCG
Properties Limited. He is also founder, owner and President of CHS Building
Services Ltd., formed in 1978 for the purposes of providing Building Engineering
Services and has now been successfully operating for 28 years. Under his
guidance, CHS emerged from a small start-up venture to a mature engineering
and construction services-based company with an international resume of
experience. CHS specializes in design and construction, with an active
UK and international client base.
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