(Hong Kong – August 14, 2006) – Exclusive tropical living is about to go up several notches in Asia with the arrival of the region’s first St. Regis Resort & Residences in 2007.

The St. Regis Resort & Residences, Bali will be the first resort property in Asia to be managed by the prestigious St. Regis Hotels & Resorts, as well as the first St. Regis branded luxury private villas in Asia for sale to private investors.

St. Regis Hotels & Resorts are among the finest and most exclusive hotel and resort properties in the world, while St. Regis Residences offer investors the opportunity to own prime real estate, secure in the knowledge that it will be managed, maintained and marketed by one of the world’s finest hotel and resort operators. St. Regis is an industry leader of this “branded residences” concept internationally.

The St. Regis portfolio includes the landmark St. Regis Hotel, New York, a classical property frequently voted New York’s finest hotel; the idyllic new St. Regis Resort, Bora Bora, the first international luxury resort by St. Regis, which has already played host to a handful of high profile guests and celebrities; and the new St. Regis Residences, San Francisco whose high profile owners have helped draw attention to the stunning property. There are also St. Regis hotels in both Shanghai and Beijing.

Located in a secluded enclave of Bali’s most prestigious district, Nusa Dua, the exclusive St. Regis Resort & Residences, Bali will offer 79 hotel suites, 22 magnificent two to four bedroom residences available for sale and 42 luxurious one and two bedroom hotel villas also available for purchase, all expected to be completed in the fourth quarter of 2007. The property will offer both owners and guests bespoke services and facilities which redefine luxury resort living incomparable to any other resort destination in the region.

The offer follows the recent and highly successful launch of the St. Regis Residences, Singapore, two twenty-storey towers of highly luxurious three and four bedroom apartments and penthouses adjacent to the new St. Regis Hotel, Singapore aimed at the top end of the Singapore luxury real estate market.

St. Regis has already successfully forged its way through North America and the Caribbean with the “branded residences” concept, one which has been embraced by investors and vacationers from around the globe.

Set to provide higher return on investment and uncompromised services and amenities, this glamorous concept has already been met with a warm welcome in Singapore and an equally enthusiastic response is expected for the Bali property.

St. Regis Residences range from urban estates to ocean front villas, and offer owners the opportunity to customize their dream home with leading architects and designers, while incorporating all of St. Regis’ trademark indulgences.

St. Regis Hotels & Resorts includes the most celebrated properties in the world. Founded by John Jacob Astor with landmark St. Regis Hotel, New York over a century ago, the company will also unveil highly anticipated Fort Lauderdale (2006), Mexico City (2007), Punta Mita, Mexico (2007), Singapore (2007), Anguilla (2008), Atlanta (2008), Bahía Beach, Puerto Rico (2008) Costa Rica (2008) Deer Valley® (2008), Puerto Rico (2008) and Bal Harbour, FL (2009) that will further enhance the brand’s legacy. Personalized service and amenities, enviable locations and luxuriously localized design are recognized worldwide as hallmarks of the St. Regis experience. For more information on St. Regis Hotels & Resorts, please visit www.stregis.com.

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