TROON GOLF EXPERIENCE TO UNVEIL IN PORTUGAL

Posted on August 22, 2005

Company to Manage Operations at Monte Rei Golf & Country Club

Scottsdale, Ariz. - Troon Golf, the leader in upscale golf course management, development and marketing is pleased to announce its continued European expansion with its first management contract in Portugal. Monte Rei Golf & Country Club, which is being developed by the respected Portuguese company, Aliber S.G.P.S. Lda, will encompass over 1,000 acres of countryside on the southern coast of Portugal and is sure to be one of the premiere golf resorts in Europe.

Situated in the unspoiled Eastern Algarve, between Vila Real de Santo Antonio and Tavira, Monte Rei Golf & Country Club will be of a much lower density than is normally to be found on similar developments, with only eight percent of the land being built upon. This, and the exceptionally high quality of design and construction, will add to the exclusivity of the resort. Within this very special environment there are three different categories of villa available, from detached luxury residences built within the golf course, to three and four bedroom villas situated within their own "O Miradouro" Village with its own clubhouse.

"It is with great pleasure that we introduce the celebrated TROON GOLF EXPERIENCE to golfers in Portugal," stated Troon Golf President and COO, Hud Hinton. "Monte Rei Golf & Country Club, with its superb playing conditions and unparalleled service, will set the standard for golf in the region."

Two 18-hole championship courses are planned at Monte Rei Golf & Country Club. Scheduled to be open for play in Fall 2006, the first is a Jack Nicklaus Signature course located on the north end of the development. The course will feature five lakes, bordered by indigenous trees and plants, and will offer players breathtaking views of the sea against a backdrop of the dramatic Serra do Caldierao mountains. The second course, which will also be of championship level, will be constructed on the southern end of the development upon completion of the first. Additionally, the club will feature a state-of-the-art practice facility and world-class driving range. There will also be a magnificent Clubhouse, of approximately 4,000 sq. m., which will offer outstanding amenities.

A spokesman for the developer said: "This is a world-class development and we are delighted that Troon Golf, with its deserved reputation for successfully managing some of the finest golf courses in the world, will be working with us at Monte Rei Golf & Country Club."

The development will offer an abundance of landscaped gardens and grasslands areas and will offer home settings amongst natural Algarvian plants and vegetation, bordered by indigenous trees such as umbrella pines, and cork and olive trees. Full details can be found on www.monte-rei.com.

Headquartered in Scottsdale, Arizona, Troon Golf manages operations at more than 160 courses located in 27 states and 18 countries. Additionally, 31 Troon Golf facilities enjoy a Top 100 ranking by national or international publications. Troon Golf properties include The Peninsula Golf & Country Club, Millsboro, Del.; The Westin Turnberry Resort, Ayrshire, Scotland; Monarch Beach Golf Links, Dana Point, Calif.; Lake of Isles, North Stonington, Conn.; The Ridge at Castle Pines North, Castle Rock, Colo.; Palmilla Golf Club, Los Cabos, Mexico; and Bearwood Lakes Golf Club, Berkshire, England.Scottsdale, Ariz. - Troon Golf, the leader in upscale golf course management, development and marketing is pleased to announce its continued European expansion with its first management contract in Portugal. Monte Rei Golf & Country Club, which is being developed by the respected Portuguese company, Aliber S.G.P.S. Lda, will encompass over 1,000 acres of countryside on the southern coast of Portugal and is sure to be one of the premiere golf resorts in Europe.

Situated in the unspoiled Eastern Algarve, between Vila Real de Santo Antonio and Tavira, Monte Rei Golf & Country Club will be of a much lower density than is normally to be found on similar developments, with only eight percent of the land being built upon. This, and the exceptionally high quality of design and construction, will add to the exclusivity of the resort. Within this very special environment there are three different categories of villa available, from detached luxury residences built within the golf course, to three and four bedroom villas situated within their own "O Miradouro" Village with its own clubhouse.

"It is with great pleasure that we introduce the celebrated TROON GOLF EXPERIENCE to golfers in Portugal," stated Troon Golf President and COO, Hud Hinton. "Monte Rei Golf & Country Club, with its superb playing conditions and unparalleled service, will set the standard for golf in the region."

Two 18-hole championship courses are planned at Monte Rei Golf & Country Club. Scheduled to be open for play in Fall 2006, the first is a Jack Nicklaus Signature course located on the north end of the development. The course will feature five lakes, bordered by indigenous trees and plants, and will offer players breathtaking views of the sea against a backdrop of the dramatic Serra do Caldierao mountains. The second course, which will also be of championship level, will be constructed on the southern end of the development upon completion of the first. Additionally, the club will feature a state-of-the-art practice facility and world-class driving range. There will also be a magnificent Clubhouse, of approximately 4,000 sq. m., which will offer outstanding amenities.

A spokesman for the developer said: "This is a world-class development and we are delighted that Troon Golf, with its deserved reputation for successfully managing some of the finest golf courses in the world, will be working with us at Monte Rei Golf & Country Club."

The development will offer an abundance of landscaped gardens and grasslands areas and will offer home settings amongst natural Algarvian plants and vegetation, bordered by indigenous trees such as umbrella pines, and cork and olive trees. Full details can be found on www.monte-rei.com.

Headquartered in Scottsdale, Arizona, Troon Golf manages operations at more than 160 courses located in 27 states and 18 countries. Additionally, 31 Troon Golf facilities enjoy a Top 100 ranking by national or international publications. Troon Golf properties include The Peninsula Golf & Country Club, Millsboro, Del.; The Westin Turnberry Resort, Ayrshire, Scotland; Monarch Beach Golf Links, Dana Point, Calif.; Lake of Isles, North Stonington, Conn.; The Ridge at Castle Pines North, Castle Rock, Colo.; Palmilla Golf Club, Los Cabos, Mexico; and Bearwood Lakes Golf Club, Berkshire, England.
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