Ritz-Carlton Hotels to Run Abaco Club in the Bahamas

Ritz-Carlton and Peter de Savar have partnered to manage The Abaco Club On Winding Bay, in the Bahamas.

Under the terms of the agreement, RC Abaco Holding Company, Ltd. has become a 50 percent equity partner.

A full management transition will be effected by 1 July 2006 and Mr. de Savary will continue as Chairman of the member´s Club.

The name of the Caribbean development will be The Abaco Club On Winding Bay, a Ritz-Carlton Managed Club.

Located in the Bahamas, on the island of Great Abaco, The Abaco Club is an exclusive golf course and sporting retreat within a scenic 520-acre peninsula.

Luxuriously appointed cottages and other real estate choices provide a setting for members to enjoy the world´s first Scottish-style links golf course in the tropics, designed by Tom McKenzie and Donald Steel.

A clubhouse, spa, tennis courts, fitness and equestrian center offer a selection of recreational opportunities which compliment the Club´s magnificent two mile pristine white sand beach.