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Baha Mar Names President

10 January 2006

NASSAU, The Bahamas -- (PRESS RELEASE) -- Don C. Robinson, a 34-year career veteran of The Walt Disney Company, has been appointed president of Baha Mar Resorts Ltd., effective February 1, 2006. The announcement was made today by Sarkis Izmirlian, CEO, Baha Mar Resorts. "As Baha Mar has evolved from its acquisition, finance and planning stages to a full-fledged hotel and resort operator and developer, we are carefully seeking the industry's leading individuals with proven experience to lead the company forward," said Izmirlian. "Don Robinson has a distinguished career and remarkably pertinent experience, and will play a major role in making Baha Mar a reality."

"This project is unlike any other that I have been involved in and one that I feel truly fortunate and excited to be a part of," said Robinson. "I eagerly anticipate joining Baha Mar's elite management team, and working with the project's two renowned industry partners - Starwood and Harrah's, which together with the project's unmatched amenities, signature design elements, and varied offerings, will make Baha Mar a 'destination resort metropolis' in the truest sense."

As president, Robinson will manage day-to-day responsibilities for Baha Mar, including leading Phase One development of the project; brand marketing; coordinating cross-property services; and leading the operations and renovations of Cable Beach Resorts, the three properties acquired by Baha Mar in 2005 located side-by-side along Nassau's famed beach and currently undergoing extensive renovations. Robinson will also be responsible for managing relationships between Baha Mar and its principal joint venture partners, Starwood and Harrah's; the Government of the Bahamas; and other strategic partners.

Prior to joining Baha Mar Resorts, Don Robinson served as Executive Vice President and Group Managing Director of Hong Kong Disneyland, where he held overall responsibility for the planning, design, development, and opening of the new Disneyland Hong Kong in 2005. Over the course of his career at Disney, Robinson played a key role in theme park operations, hotel operations, and food and beverage management. Robinson also led the opening of major Disney facilities in Florida, California, Disneyland Paris, and Tokyo Disneyland, most notably running operations for the entire Walt Disney World Resort, which included all 16 Walt Disney World resort hotels, four theme parks, the Walt Disney World Sports and Recreation facilities, and the Downtown Disney entertainment district.

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