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Jaguar Resorts Hires Destination Club Partners

Resorts, Inc. today announced that it has retained
Destination Club Partners ( ), a resident
club marketing and sales firm. Jaguar Resorts is a developer of luxury
membership resort & spa properties, primarily in Mexico and Central
America. Initially, DCP will develop pricing strategies, velocity of
sales, and other sales programs for our San Miguel project. Ben Gallagher, Vice President of Jaguar Resorts states, “We are pleased to
be working with Destination Club Partners. They have a great reputation.
We believe they will do incredible job marketing toward our target
customer base.”

Although they are a shared-ownership product, residence clubs differ
significantly from timeshare in terms of pricing, prestige and
flexibility. Club ownership is much like membership in a prestigious
equity golf country club. Owners have real estate equity in luxurious
homes and are not locked into a specific week or weeks and are not limited
in the number of days they can lodge at their club (similar to the
unlimited tee times afforded equity country club members, subject to

Destination Club Partners, LLC (DCP) provides resort and urban real estate
developers and landowners with very specialized expertise in the design,
marketing and sale of member-owned private residence clubs. DCP is
regarded as a pioneer in this Real Estate segment and has generated
$190,000,000 in sales to date. Additionally, DCP residence clubs that are
actively marketing or in development, have projected sales revenues of
$650,000,000. DCP’s 2003 activity includes the residence club villas for
La Solana, Punta Mita, located in Puerto Vallarta, Mexico. See La Solana
picture at .

DCP Residence Club Locations:
Austria Haus Club, Vail, CO * Calistoga Ranch Club, Napa Valley, CA * Club Quinta Real, Huatulco, Mexico * Christie Club, Steamboat Springs, CO * Deer Valley Club, Park City, UT * Franz Klammer Lodge, Telluride, CO * La
Solana, Punta Mita, Mexico * Mountain Club at Cashiers, Cashiers, NC *
Northstar Club, Lake Tahoe, CA * Phillips Club, Manhattan, NY * Taunovo
Bay, Viti Levu, Fiji * Teton Pines, Jackson Hole, WY * The Residence Club
at PGA West Tuckers Point, Tucker’s Town, Bermuda * Ships Watch, Duck, NC

The mission of Jaguar Resorts is to be the leading developer of fractional
interest in real estate resort properties throughout Latin America. The
company has excellent hotel and spa relationships and a team in place to
fully realize the company’s strategic goals. It is led by Clyde E. Culp
III, former CEO of Embassy Suites and past President of Holiday Inns.
JGRT’s first property is the 5 star, 122 acre, Alta Mira Resort and Spa,
and is located in San Miguel de Allende, Mexico.