Grupo Presidente reveals ‘06 projects

Grupo Presidente, operators of Presidente
InterContinental Hotels & Resorts and restaurants in Mexico, has announced
news on several major projects that are planned or just underway in 2006.Grupo
Presidente is poised for significant growth this year, as its resorts in Cancun and
Cozumel will both re-launch featuring dramatic changes and additions that were made
following Hurricane Wilma last year.

In addition, Grupo Presidente will increase its diverse portfolio of restaurants,
with the addition of two new eateries in Mexico City, one of which will be located
at the Presidente InterContinental Mexico City Hotel. Highlights of Grupo
Presidente’s new developments include:


-  The Presidente InterContinental Mexico City Hotel is set to break ground on a
29-story luxury tower in spring 2006.  When construction is complete, the property
will be renamed the Presidente InterContinental Mexico City Hotel & Tower.  The new
tower will feature 240 oversized rooms and deluxe suites, a spa and swimming pool,
restaurants and much more.  The new tower is expected to take 30 months to complete
and is projected to open late 2008.



-  The Presidente InterContinental Cancun Resort re-opened on March 10 following the
first phase of dramatic enhancements and additions to the resort. The resort
features a new entrance with water accents, a porte-cochère, and a redesigned lobby
area featuring a grand staircase, a newly-built oceanfront deck bar, which will
offer nightly live music and entertainment while guests enjoy an unparalleled view
of the magnificent Caribbean Sea.  Each of the resort’s 299 guest rooms and suites
were upgraded with new duvet covers, bedding, upholstery and carpeting throughout
all corridors. A completely new club floor featuring 36 new club rooms is located on
the fifth floor, bringing the total number of club rooms offered at the property to


-  The Presidente InterContinental Cancun Resort has re-opened its popular “open air”
El Caribeño restaurant, which is completely new, from all new furniture to the
kitchen. Located under a giant poolside “palapa,” El Caribeño offers a casually
elegant atmosphere and delicious seafood dishes as well as a spectacular view of the
beach and ocean.  The second phase of the project, scheduled to be complete by July
15, will feature a wall of windows in the fabulous new lobby area, which will offer
guests a stunning view of the resort’s white sand beach as it stretches out to the
emerald ocean waters.


-  The Presidente InterContinental Cozumel Resort & Spa will re-open on October 1,
2006 following an extensive $25 million (USD) renovation and redevelopment project.
The resort, which will be built to five-star standards, will boast completely
redesigned rooms and suites, featuring luxurious furnishings and wide-screen plasma
televisions. A new room category of one and two bedroom “Ocean Suites” has been
created and will provide guests with unparalleled views of the Caribbean Sea. The
resort’s 220 spacious rooms and suites will all offer balconies or terraces. The
entrance area will feature a new road lined with newly planted lush vegetation and
several fountains. A new lobby designed with guest convenience in mind will feature
individual desks for check-in. Other new resort facilities include an expanded
“Scuba Du” dive and watersports center, ideal for beginners and certified divers, a
golf putting green, a second “adults only” pool and bar, “Chiqui Club” for children,
and a retail courtyard featuring retail shops and tennis courts.  The resort’s main
restaurant, Alfredo di Roma is being completely redesigned featuring a new bar area
and a private room with its own terrace.  The resort’s Caribeño Restaurant will be
completely new and will include a lounge area for guests and a spectacular bar with
inspiring views of the Caribbean Sea. With these changes, and the resort’s
privileged private beachfront location, the Presidente InterContinental Cozumel
Resort & Spa will emerge as one of the top resorts in the Mexican Caribbean.


-  The Presidente InterContinental Villa Mercedes Mèrida made its official debut in
February 2006.  The grand luxury hotel, the newest in the city, which boasts 127
deluxe rooms and four elegant suites, is designed in a residential art nouveau style
and set in a 19th century mansion in the historic city of Mèrida, the capital of the
state of Yucatán. The hotel is conveniently located just off the Paseo Montejo, a
broad tree-lined avenue lined with cafés, restaurants, museums, upscale shops and
mansions.  Magnificent ancient architectural sites, including Chichen Itza and
Dzibilchaltun, are a short driving distance from the hotel. The Presidente
InterContinental Villa Mercedes Mèrida boasts a number of 24 hour services,
including room service and laundry/valet, an advanced business center, fitness
center and two special-access Executive Floors.