announced the first St. Regis Resort in French Polynesia on Monday. Currently under construction and scheduled to open in April 2006, St. Regis Resort, Bora Bora is owned by prominent real estate developer Louis Wane who also owns three other hotels managed by Starwood in the region. St. Regis Resort, Bora Bora will feature 101 luxury overwater and beach villas, including the ultra-luxe Royal Suite - at more than 8,000 square feet it will debut as the largest suite in French Polynesia. At a cost of more than $1 million per bungalow to develop and construct, this resort will introduce a high level of luxury to the South Pacific.
“We are thrilled to be working with Louis Wane on this amazing project in one of the most sought-after destinations for travelers seeking the ultimate vacation,” said Ted Darnall, President of Starwood’s Real Estate Group. “St. Regis is among the world’s most revered luxury hotel brands with 10 award-winning properties around the globe and this property will stand among the finest resorts in the world.”