Divi to Cease Trading at Cayman Islands´ Tiara Beach

As part of a strategic plan to refocus its resources on potential growth markets in the Caribbean, Divi Resorts has decided to cease business operations at Divi Tiara Beach Resort in Cayman Brac effective September 23.

Divi Resorts will continue to serve its dive customers at its resort in Bonaire, the Divi Flamingo Beach Resort & Casino.

As part of the company´s plan earlier this year Divi Resorts broke ground on a new development at Divi Aruba Phoenix Beach Resort in Aruba that will more than double the size of the resort, adding 140 suites to the existing 101 units.

This project is expected to be complete in March 2008. Additionally in August 2006 Divi Resorts announced that it will open a second hotel in Bonaire in 2008, an all inclusive four-star resort with a full service dive center.