Honolulu, Hawaii USA -- August 28, 1997 - Outrigger Hotels & Resorts has signed an agreement to manage a second hotel in French Polynesia�the 90-room Outrigger Bora Bora Resort. The lagoon-front resort, which is expected to open during the first quarter of 1999, will be built on the western coast of the island of Bora Bora near the main town of Vaitape.

The project is being developed by Louis Wane, owner and developer of the Outrigger Hotel Tahiti, which is currently under construction on the island of Tahiti and also scheduled to open during the first quarter of 1999.

According to Perry Sorenson, chief operating officer for Outrigger Hotels & Resorts, "This is Outrigger's second project in French Polynesia and we're delighted to be continuing our relationship with Mr. Wane. The Outrigger Bora Bora Resort and Outrigger Hotel Tahiti will complement each other, offering travelers to French Polynesia the finest in hotel accommodations on two of the South Pacific's most well-known resort islands."

Owner/Developer Louis Wane commented: "The addition of the Outrigger Bora Bora Resort to that island's inventory of fine hotels marks another important step in the economic revitalization of French Polynesia. We are particularly pleased that Hawaii's leading hotel group will now join us to serve the residents and guests in both Tahiti and Bora Bora."

The hotel is being designed by the Hawaii architectural firm of Wimberly Allison Tong & Goo, who are also working on the Outrigger Hotel Tahiti project. Lead designer is Kevin Chun, who has taken great care to design a hotel that combines the traditional architecture of French Polynesia with the comforts of a first-class resort.

The Outrigger Bora Bora Resort will offer guests a selection of overwater and hillside bungalows scattered across an environment of lush, tropical landscaping. Sweeping views of Bora Bora Lagoon will be visible from the balconies of the hillside bungalows. Steps leading directly into the water will be one special feature of the overwater bungalows.

The Outrigger Bora Bora Resort will have its own private dock that will also allow hotel guests to be transported directly to the hotel from the island's airport, which is located a short boat ride away on Motu Mute at the northern edge of the lagoon.

Hotel amenities will include a fitness center and spa, swimming pool, restaurant and bar. Beach services will be available, and guests are sure to enjoy trips to Motu Tapu, a small private beach-fringed reef island about three minutes by boat from the hotel. Motu Tapu was once reserved for Tahitian royalty and now is for the exclusive use of the Hotel's guests.

Bill Henderson, vice president of business development for Outrigger Hotels indicated that, "Outrigger is excited about this opportunity to open new markets for Bora Bora, and bring our brand of island hospitality to one of the South Pacific's most beautiful islands. We are particularly pleased to be able to work with Mr. Wane and Kevin Chun to incorporate Tahitian values and culture into all aspects of the design and operation of the Outrigger Bora Bora Resort."

Bora Bora is located 150 miles northwest of Tahiti. It is serviced by Air Tahiti which operates numerous 45-minute flights daily. Charters are also available on Air Tahiti or Wan Air.

WHERE: Bora Bora is one of the 115 islands that comprise French Polynesia in the South Pacific. It is located 150 miles northwest of Tahiti in the Society Islands � one of the five archipelagoes that make up French Polynesia. Tahiti, in turn, is located 4,050 miles southwest of California and 3,350 miles east of Australia.

HOW TO GET THERE: Air service to Bora Bora is through Faaa Airport in Tahiti. Hawaiian Airlines, Air France, Air New Zealand, AOM French Airlines, Qantas and Corsair all fly into Tahiti. Bora Bora is serviced by Air Tahiti, which operates numerous 45-minute flights daily. Charters are also available on Air Tahiti or Wan Air. In addition to air, Bora Bora is accessible via inter-island ferry service.

ENTRY REQUIREMENTS: Visitors entering French Polynesia must present a valid passport and outbound ticket. U.S. citizens may visit for up to one month without a visa. No inoculations are needed, unless you are arriving from an area declared by the World Health Organization as infected

CLIMATE: Generally, the islands are sunny and pleasant. The Pacific tradewinds keep it comfortably cool. There are two "seasons" in the islands. November through May is warm and humid; June through October is cooler and drier. The year-round temperature averages 76-81 degrees F.

TIME DIFFERENCE: French Polynesia is 10 hours behind GMT, 2 hours behind US Pacific Standard time and 20 hours behind Australian Eastern Standard time, and in the same time zone as Hawaii.

LANGUAGE: French and Tahitian are the official languages, although English is spoken in most tourist locations.

CURRENCY: The French Pacific franc C.F.P. is used in French Polynesia.

THINGS TO DO: Bora Bora is beyond the ordinary and ideally suited for visitors seeking a true paradise. In addition to wonderful beaches on which to sun, visitors can enjoy snorkeling, diving and fishing. A shark feeding excursion allows visitors to be in the water with hungry reef sharks as they're being fed by guides. There's also a "lagoonarium," a marine exhibit in the lagoon where the adventurous can swim with sting rays, huge sea turtles and reef sharks. Exploring Bora Bora's three dramatic mountains - Hue, Pahia and Otemanu - is another favorite activity.

BEST BUYS: Local specialties include black pearls, wood carvings, mother-of-pearl shells, crafts, vanilla, coffee and French goods, such as perfumes and fashion.

VISITOR INFO

Outrigger Hotels & Resorts is Hawaii�s largest hotel company and the 28th largest in the U.S., offering 29 hotels and resort condominiums throughout the Hawaiian Islands and the Pacific, with projects under development in Guam, Palau, Tahiti, Fiji and the Cook Islands. This year marks the company's 50th anniversary of doing business in the Islands. Outrigger's affiliate, Outrigger Lodging Services, manages nearly two dozen hotels and resorts throughout the U.S. mainland.