Starwood Hotels & Resorts Worldwide, Inc. announced today that it has signed an agreement with Eleuthera Properties, Ltd., a company chaired by prominent Bahamian businessman, Franklyn R. Wilson CMG, to develop Cotton Bay Villas, an exclusive new resort that will be a member of Starwood’s prestigious Luxury Collection. The 1500-acre project will be unveiled in two phases with Phase I comprising of two and three bedroom villas, 114 estate lots and a spectacular 26,000-square foot Clubhouse. The soft opening is scheduled for December 2006 with 25 premier beachfront units and Clubhouse with full amenities and services and a private marina.

Completion of the 73 guestroom resort is scheduled for December 2007. Future phases will include an 18-hole championship golf course, wellness center/spa, additional real estate development and expansion of the marina.

“We are thrilled to have our first Luxury Collection property in The Bahamas located on Eleuthera - considered one of the most exclusive addresses in the world,” said Stephen Alden, senior vice president of The Luxury Collection.

“The island’s natural scenic beauty and lush vegetation make Cotton Bay Villas an ideal destination for the discerning leisure traveller looking for the ultimate vacation experience. Cotton Bay Villas will evoke a casual elegance, combining simplicity with island style to create a distinctively elegant atmosphere along with the impeccable service that is the hallmark of The Luxury Collection.”
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