Costa BayanA Plans Multi-Million Aviation Development

MIAMI: Puerto Luperon Corporation, an international real estate development company, announced today the creation of two international airports to service Costa BayanA, its collection of five-star, marina residential resorts located on the Dominican Republic's North Coast.

Costa BayanA will be constructed over the next 8-10 years, with the first phase of the first resort, AtlanticA, to be completed in December 2006 for the Grand Opening.

"Costa BayanA is poised to become a leading luxury resort and yachting destination in the Caribbean," said Pierre Schnebelen, President of Puerto Luperon Company.  "By building both a commercial and a smaller aviation airport, we are making the Costa BayanA experience accessible to residents and visitors from the moment they land in their own private jets or by commercial airline."

With a landing strip of 3,000 meters (3,280 yards), the airports will include 40 private jet hangers, and passenger and cargo facilities.  Initial air service will include connections to North American and European gateways such as Santo Domingo, San Juan, Miami, New York, Frankfurt, Munich, Madrid, London, Paris, Milan and Rome.

Both airports will be approximately a 10-minute drive from Costa BayanA's OceanA Residential Resort, and about 1 hour with a hydrofoil service to AtlanticA and BayanA - developed on 11,000 acres and 20 miles of Dominican Republic coastline between Puerto Plata and Montecristi.   The commercial airport will be located near OceanA, west of the Bay of Luperon near Montecristi.  The general aviation airport will be built between the AtlanticA and BayanA resorts.

The Costa BayanA luxury resorts will include six signature golf courses, 260 super yacht hangers, three cruise ship piers and terminals, hotels, restaurants and real estate priced from $300,000 to $5.2 million.

About Costa BayanA Partners

Costa BayanA Partners is the chief developer of the three Costa BayanA residential resorts located on the north coast of the Dominican Republic.  Decades of international experience with projects that have shaped the global resort and tourism industry have brought together a unique network of entrepreneurs and experts from the United States, Europe, Latin America and Asia, to build Costa BayanA's three unique residential properties:  AtlanticA, BayanA and OceanA.

Costa BayanA Partners is led by President Pierre Schnebelen, the visionary of the project.  Mr. Schnebelen is globally recognized as a pioneer in the modern tourist resort industry, having completed more than 40 major destination resorts during the last 30 years, including Tignes and Val d'Isere resorts, pioneers of the contemporary ski resort concept, and today represent Europe's premier ski area featuring over 100 hotels with 75,000 beds, together generating more than 3 million skier-days per year. 

About Resorts of the World

Resorts of the World (www.resortsoftheworld.net <http://www.resortsoftheworld.net/> ) is a leader in high-end residential sales and marketing of the world's finest residential report properties.  Resorts of the World identifies real estate and high-end lifestyle trends to market properties to a qualified client base, managing the concept from start to finish, including direct marketing, advertising, and Internet sales.  Based in Miami, Resorts of the World has a global client base, with a strong focus in the United States, Europe and Latin America.  For more information call +1-786-888-9000.


Signe Bjorndal

Costa BayanA,    USA Office



Christine Monaghan

Hill & Knowlton