Palmetto Bay Resort to Bring Luxury Beachfront Resort Real Estate to Southern Belize's Placencia Peninsula

Business Wire, June 3, 2008

Belize's First Eco-Friendly Resort Designed Green from the Ground Up

PLACENCIA, Belize -- Ravenspur Investments Inc. today unveiled plans for Palmetto Bay Resort at Maya Beach, a secluded tropical hideaway in Southern Belize situated on 16-miles of white sand beaches and complemented by stunning scenery of the Maya Mountains. Palmetto Bay will introduce unprecedented luxury beachfront real estate and Four Star amenities to the Placencia Peninsula of Southern Belize, and will be the first development in the Caribbean designed 'green' from inception.

The first phase of the gated resort, which is currently under construction, will be comprised of 36 whole ownership, luxury beachfront condominiums ranging from approximately 1,100 to 4,500 square feet, each with unobstructed views of the Caribbean Sea and extensive outdoor living space. Prices will start in the low $300,000s USD. The international sales and marketing campaign for Palmetto Bay Resort commences today.

The elegantly designed turnkey one-, two- and three-bedroom residences are spread through two buildings. Interiors are inspired by the rich Caribbean heritage while the resort's outdoors encapsulates the area's natural beauty, including a lush rainforest and exotic flora. Designer Julieanne Dobson -- renown work on Francis Ford Coppola's Turtle Inn -- will create the interiors and intimate outdoor settings with use of the finest natural materials, including warm woods and natural stone, vibrant contemporary textiles, and niche lit Mayan and African inspired art.

Ownership at Palmetto Bay Resort will include world-class amenities such as fitness facilities, conference rooms with wireless internet; 24-hour reception and security; fully equipped luxury kitchens with gourmet utensils and stainless steel appliances; balcony barbecues; and lush, mature landscaping with use of indigenous fruit trees and plants.

Lure of the Sea

The Caribbean Sea's influence will be apparent from nearly every aspect of Palmetto Bay Resort. Upon arrival owners will encounter a meandering stream that wanders through the lobby, under arches and deposits into a spectacular 300-foot oceanfront infinity pool. Once owners are at the water's edge, a pristine 400' beach, beach boardwalk, and dock with large palapa will further articulate the ocean environment.

Going Green

Palmetto Bay will break new ground offering sustainable technologies and systems to reduce ecological impact. As the first resort development in the Belize to be designed 'green' from the ground up, the resort has integrated leading edge geothermal, solar, and water filtration technologies, which alone is estimated to conserve 1,000 gallons of water per day at full occupancy - beneficial to both the environment and reducing ongoing operational costs for owners.

Lure of Belize's Pristine Environment

Belize's natural environment boasts a diverse array of features including lush, tropical forests abundant with glistening waterfalls, exotic wildlife, pine-covered mountains, mangrove swamps, lagoons, unspoiled beaches, pristine marine environments, and the Maya Great Barrier Reef.

Eco-travel and sports adventure opportunities abound, including fishing, kayaking, snorkeling, sailing, swimming, trekking, and caving. Archaeological Parks, Marine Reserves and National Parks, including the world's only Jaguar Preserve, clean, clear water from the mountains, very little industry, and a low population density with less than five persons per square mile of land make this an ideal retreat for anyone wishing to escape the hectic pace of city life.

Caribbean Culture

The Central American country of Belize is a British Commonwealth where the local population speaks fluent English and the area's rich culture heritage appeals to all ages. Visitors commonly enjoy two leading indigenous musical forms (Punta and Brukdown), and experience a vibrant developing visual art and film culture. Awe-inspiring archaeological sites and museums offer a chance to explore the custom of early Mayan civilizations. Traditional Mayan, Garifuna, Mesta and Creole festivals provide another chance to experience the area's colorful heritage.

Easy Access

Palmetto Bay Resort is just a short flight from the southern United States with major airlines offering several per day to Belize City: Continental from Houston; American from Miami; US Airways from Charlotte; Skyservice from Toronto; and Delta from Atlanta. Complimentary transportation (to and from Placencia and to the local airport) will round out services that put owners at ease.

Real estate ownership in Belize is without restriction, with foreign buyers taking full title and enjoying the same rights as Belizeans. For more information about opportunities at Palmetto Bay Resort call 866-930-4933 or visit http://www.palmettobayresort.com/