Trump International Hotel & Tower Waikiki Beach Walk™ to Begin Sales

Business Wire, Nov 6, 2006

Buyers in Honolulu and Japan to Simultaneously Choose Luxury Hotel Condominium Suites on November 9-10, a World's First!

HONOLULU -- New York-based hotel management company The Trump Organization (CEO Donald J. Trump), Los Angeles-based developer Irongate (Principals Jason Grosfeld and Adam Fisher), Vancouver-based exclusive global marketing and sales agent S&P Destination Properties (CEO Peter Dupuis, President Sid Landolt) and Tokyo-based exclusive Japan distribution and marketing co-agent Seven Signatures Corporation (Co-CEOs Fumio Takashima and Yoichiro Nakano) are proud to announce the world's first simultaneous "real estate selection event" to be held in Honolulu and Tokyo on Thursday, November 9 (Hawaii Time), and Friday, November 10 (Japan Time). At the event, buyers 4,000 miles apart in both cities who have previously reserved a spot to buy will be able to select the unit they want from among 464 rooms and suites at the Trump International Hotel & Tower Waikiki Beach Walk[TM].

Trump International Hotel & Tower Waikiki Beach Walk[TM] will be part of the Waikiki Beach Walk[TM] redevelopment project in central Waikiki. Prices for individual condominium units range from $445,000 for a studio to $4.5 million for a three-bedroom suite. The response from prospective buyers around the world has been overwhelming since purchase reservations began in late September. The 38-story hotel condominium marks the first time in 25 years that a five-star hotel is being developed on Oahu.

Following completion of construction in 2009, both condominium owners and hotel guests will enjoy the unparalleled service and amenities that the Trump brand offers. Located just steps away from world-famous Waikiki beach, the Trump Hotel & Tower Waikiki Beach Walk[TM] will offer an array of five-star services, including a library, wine cellar, lobby bar, cafE[umlaut], outdoor swimming pool, sun terrace with ocean views, indoor/outdoor dining and bar area, cabanas with tropical landscaping and expansive views of the ocean and neighboring Fort DeRussy park, a private fitness center and spa, 24-hour maid and concierge services, and separate residential and hotel lobbies.

Donald J. Trump is the very definition of the American success story. In 1980, he established The Trump Organization as the umbrella company for all of his real estate development and other corporate affiliates. He has continually set new standards of excellence while expanding his interests in luxury residential real estate, world-class hotels, office buildings, championship golf clubs, gaming, merchandising and entertainment.

Irongate is an integrated real estate development and investment company. The Los Angeles-based company blends entrepreneurial creativity, financial discipline, and environmental and cultural sensitivity in each of its development projects. Irongate believes in creating value by being thoroughly immersed in all aspects of its projects from inception through realization, including design and architecture. This philosophy has produced a track record of success for its partners and affiliates. Irongate currently invests in five asset classes: residential, office, retail, industrial and land. Until now, the company's efforts have focused on high-end luxury residential ground-up development, land acquisition and single-tenant office buildings.

S&P Destination Properties is a world leader in the resort and luxury real estate business. The company specializes in the envisioning, design, marketing and sale of the world's finest real estate. The vision of S&P is to bring the finest real estate on earth to those that appreciate the irreplaceable experiences that only come with ownership. The S&P brand promise is better real estate, better experiences.

Currently, S&P Destination Properties is the exclusive representative for projects in Colorado, California, Hawaii and Mexico, including the Trump Ocean Resort Baja Mexico. Some of their recent successes include Terranea Resort in Rancho Palos Verdes, California, the Resort at Squaw Creek, Olympic Valley, California, Granby Ranch, Colorado and the Range in Steamboat Springs, Colorado. In addition to regional offices in California, Colorado and Hawaii, the Vancouver, BC based company has recently opened an office in Thailand and will be launching four projects in Hua Hin, Sriracha, Phuket and Samui over the next year.

Seven Signatures Corporation, the joint venture between KK BALS Corporation, an interior design company, and Lexington Corporation, an independent financial advisory firm, are proud to join forces with S&P Destination Properties to launch the luxury hotel condominium Trump International Hotel & Tower Waikiki Beach Walk[TM] in Japan.