| Contact Development Company, LLC (CDC),
headquartered in San Francisco, CA, with offices in Mexico City, announced
that it has been chosen by Grupo Plan, S.A. de C.V., a renowned Mexican
real estate development Company and the owner of the El Tamarindo
and El Careyes resorts, to own and operate the exclusive cross-border
marketing & sales organization specifically tailored for the promotion
and sale of residential resort properties at the secluded and upscale
El Tamarindo and El Careyes resort developments located just north
of the Manzanillo International Airport on the Pacific coast of Mexico.
"El Tamarindo Luxury Properties" and "El Careyes Luxury Properties",
affiliate companies of CDC, constituted for the promotion and sale
of real estate within these upscale resort projects will own and
operate these respective marketing and sales companies for the promotion
and sale, both on-site and off-site of the real estate properties
within the gates of these private resort/residential communities.
Within the exclusive El Tamarindo club community, El Tamarindo
Luxury Properties will start beginning this "high season" with the
promotion, marketing and sale of twenty-two ocean front St. Regis
branded villas as well as a limited number of large ocean front
custom estate lots. El Tamarindo is being positioned as Mexico's
and one of the world's most exclusive low density private resort/residential
communities, with a maximum of 250 residential units on a 2,000
acre section of lush and opulent oceanfront property with 9 ½
miles of ocean frontage.
El Tamarindo is currently anchored by the exclusive boutique El
Tamarindo Hotel, part of Starwood's "Luxury Collection" brand. The
nearby coastal village and development, Costa Careyes, is also a
exclusive master-planned mixed-use resort community, which is anchored
by the El Careyes Hotel, also operated by Starwood's "Luxury Collection"
brand, and CDC, through its affiliate El Careyes Luxury Properties,
Ltd., will be involved in the future development, promotional and
marketing and sales efforts at Costa Careyes, as well.
About Contact Development Company, LLC
Contact Development Company (CDC) is a multi-faceted real estate
development, investment banking and marketing and sales firm headquartered
in San Francisco, California, with offices in Mexico City, and is
a driving force in the successful development, planning, financing
and marketing of domestic and international resort real estate projects.
CDC has provided developers, investors and operators a specialized
understanding of the resort development industry, offering services
in real estate financing, investment banking, cross-border marketing
and sales of residential real estate.
David G. Ellsworth, the Chairman & CEO of Contact Development
Company, LLC, has been intimately involved in the development of
numerous resort and private residential master-planned communities
world wide. The various capacities he has fulfilled range from overseeing
the development itself to facilitating the necessary equity and
debt capital for the development and/or acquisition of the project;
from creating and directing the legal structuring of a project to
partnering with project developers to ensure the successful development
of resort master-planned communities.
About Grupo Plan
Grupo Plan is a respected Mexican development company and is the
owner of El Tamarindo and El Careyes in addition to the new "W Hotel"
in Mexico City, the new Sheraton in Campeche, and several Haciendas
in Mexico's Yucatan Peninsula, all of which are operated under Starwood's
Luxury Collection brand.
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For more information, press only:
Andrea Grigg, +1-415-332-0430, agrigg@cdcglobal.com
For more information about Grupo Plan:
http://www.grupoplan.com
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