Cap Cana, S.A. (“Cap Cana”) and AM Resorts, an award-winning provider of resort sales, marketing and brand management services, today announced the opening of the Golden Bear Lodge & Spa at Cap Cana luxury golf resort development. The announcement represents the latest milestone in Cap Cana’s present growth strategy of entering into and maintaining arrangements with leading luxury hotel operators, experienced private developers and world-renowned strategic business partners.

“We are excited to announce the formal opening of the first Nicklaus-brand Golden Bear Lodge, and welcome the addition of AM Resorts to our growing list of best-of-breed resort industry operators,” said Ricardo Hazoury, Cap Cana’s Chairman and President. “We believe that Cap Cana’s natural beauty, convenient air access, secure environment, world-class amenities, extensive infrastructure and well-established brand, provide this unique resort and residential community with the attributes required for long-term success.”

The Jack Nicklaus inspired 126-suite golf resort is AM Resorts’ first property under its new Zoetry Collection of resorts and is part of its exclusive Preferred Boutique and Preferred Golf groups. A personal haven for golf enthusiasts, guests of the Golden Bear Lodge & Spa will soon be able to choose between two Jack Nicklaus Signature golf courses - the world-ranked Punta Espada Golf Course, host of a popular stop on the PGA TOUR’s Champions Tour, or Las Iguanas, currently under construction.

“As our first property in The Zoetry Collection, we are excited to demonstrate the exceptional quality standards that will define the Golden Bear Lodge & Spa, from spectacular accommodations and fine dining, to devoted personal service and play at world-renowned golf courses such as Punta Espada,” said Alex Zozaya, CEO and President of AM Resorts. “The collaboration with Jack Nicklaus and Cap Cana has created a one-of-a-kind partnership in which travelers will be privy to a premier resort experience.”

In February 2009, AM Resorts announced its plans to develop two additional luxury resorts in Cap Cana, the Pearl Sands Cap Cana and Pure Secrets at Cap Cana. During the 2009 third quarter Cap Cana delivered to AM Resorts the entire contractually required infrastructure for the development of these resorts.