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HOTEL EXECUTIVE

Nikheel Advani Promoted to Managing Director of Grace Bay Club

Shaune Burgess Joins As Director Of Sales And Marketing

. October 14, 2008

FEBRUARY 5, 2007. Developer and CEO Mark Durliat announces the promotion of Nikheel Advani to Managing Director of Grace Bay Club, Providenciales' premier luxury resort. Mr. Advani joined the resort in 2004 as general manager and now moves into an expanded role as managing director, responsible for a variety of guest- and owner-related services. Nikheel Advani's energy, passion, entrepreneurial spirit and extensive background in the hospitality industry is put to full use at Grace Bay Club as it evolves from a 21-suite boutique hotel to a full-service, 11-acre luxury resort with separate areas for adults and families, 59 suites, three restaurants, water and land sports, two bars and a lounge, a new spa and fitness center, a new Hotel School, and a new children's program.

Advani is well-suited for his position at Grace Bay Club, a resort that has been named to Cond'e Nast Traveler's 'Gold List' (ranked Best in Location) and 'Reader's Choice' lists, along with Travel + Leisure's' T+L 500,' and was recently awarded the distinction of 'Resort of the Year' by the travel agents of Island Destinations and 'Best in the World' by Luxury Link. Not only does Mr. Advani bring substantial hotel management and food and beverage expertise to the resort from his previous positions at Raffles Hotel in Singapore and The Ritz-Carlton New York, Battery Park, but he also personally dabbles in a variety of hospitality-related areas on the side. An invitation to his home will afford a private glimpse into how superb hospitality should be offered: Nikheel is the consummate host, chef and wine connoisseur.

Additionally, Grace Bay Club announces the appointment of. Shaune Burgess as Director of Sales and Marketing. Ms. Burgess comes to Turks & Caicos from Sandy Lane in Barbados where she spent the past three years in a similar position at the luxury resort. Shaune is a native of Barbados and is active in the Caribbean community.

Commenting on her move to Grace Bay Club, Ms. Burgess expressed her admiration for the resort 'with its newly expanded family-friendly features in addition to the adults-only/couples-only attractions' and her desire to further position Grace Bay Club as 'a destination within the destination of Turks & Caicos.' She added, 'We have new exciting chefs and a new exciting dynamism at the resort. I am very pleased to be part of the team.' The mother of 11-month old Aiden, Ms. Burgess also spent 10 years in Philadelphia during which time she worked in the sales and marketing department at the Sheraton University City while completing her undergraduate studies and later her MBA.

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