TROON GOLF TO MANAGE DENARAU GOLF & RACQUET CLUB, FIJI

Posted on July 31, 2002

A Premier Resort Community in the South Pacific

Scottsdale, Arizona – Troon Golf, the leader in upscale golf course management has been selected by Starwood Hotels & Resorts Worldwide Inc. and Tabua Investments, a subsidiary of BIL International Ltd, to manage Denarau Golf & Racquet Club, Fiji.

Denarau Golf and Racquet Club is located on Denarau Island, which is linked by a causeway to Viti Levu, the largest of Fiji’s 332 islands. The Club is a 20-minute drive from Nadi International Airport. It is ideally located, adjacent to Sheraton Denarau Villas, Sheraton Fiji Resort and Sheraton Royal Denarau Resort, which are managed by Starwood Hotels and Resorts Worldwide Inc.

Denarau Golf and Racquet Club’s championship 18-hole golf course is arguably the premier sporting facility in the Pacific Islands. Its design blends water challenges into the natural beauty of the Fiji island landscape. In addition to the internationally rated golf course, Troon will also oversee the management of the 10 tennis court facility, fully stocked pro-shop, golf practice facilities, and the Clubhouse Restaurant & Bar.

“We welcome the well known brand name of Troon Golf to Fiji and to Denarau Island”, commented Mark McWhinnie, Managing Director, Sheraton Resorts Denarau Island. “Troon Golf’s expertise will add to the quality experience for visitors to our resort complex” he stated.

“We look forward to introducing the Troon Golf Experience to the South Pacific’s premier golf facility and to our partnership in Fiji,” stated Senior Vice President, Australia/Pacific Division, Bruce Glasco.

Starwood Hotels & Resorts Worldwide, Inc. is one of the leading hotel and leisure companies in the world with more than 740 properties in more than 80 countries and 110,000 employees at its owned and managed properties. With internationally renowned brands, Starwood is a fully integrated owner, operator and franchiser of hotels and resorts including: St. Regis, The Luxury Collection, Sheraton, Westin, Four Points by Sheraton, W brands, as well as Starwood Vacation Ownership, Inc., one of the premier developers and operators of high quality vacation interval ownership resorts. For more information, please visit www.starwood.com.

Headquartered in Scottsdale, Arizona, Troon Golf is the world’s leading luxury golf management company, operating more than 120 golf courses located in 23 states and 10 countries. Additionally, 23 Troon Golf facilities enjoy a top 100 ranking by national or international publications. Troon Golf properties include The Westin Turnberry Resort, Ayrshire, Scotland; The Sagamore Club, Indianapolis, Indiana; Troon North Golf Club, Scottsdale, Arizona; Newport National Golf Club, Middletown, Rhode Island; Eagle Glen Golf Club, Corona, California; and Kitago Golf Club, Miyazaki, Japan.

BIL International Ltd is an international investment company headquartered in Singapore, and has a primary listing on the Singapore Exchange, with secondary listings on the London and New Zealand Stock Exchanges. The company’s primary role is as an active investor with strategic shareholdings and active investment management aimed at maximizing shareholder value. BIL’s key investments in the tourism industry apart from Denarau Island include Thistle Hotels in the United Kingdom and Molokai Ranch in Hawaii. More information can be found on the website http://www.bilgroup.com.Scottsdale, Arizona – Troon Golf, the leader in upscale golf course management has been selected by Starwood Hotels & Resorts Worldwide Inc. and Tabua Investments, a subsidiary of BIL International Ltd, to manage Denarau Golf & Racquet Club, Fiji.

Denarau Golf and Racquet Club is located on Denarau Island, which is linked by a causeway to Viti Levu, the largest of Fiji’s 332 islands. The Club is a 20-minute drive from Nadi International Airport. It is ideally located, adjacent to Sheraton Denarau Villas, Sheraton Fiji Resort and Sheraton Royal Denarau Resort, which are managed by Starwood Hotels and Resorts Worldwide Inc.

Denarau Golf and Racquet Club’s championship 18-hole golf course is arguably the premier sporting facility in the Pacific Islands. Its design blends water challenges into the natural beauty of the Fiji island landscape. In addition to the internationally rated golf course, Troon will also oversee the management of the 10 tennis court facility, fully stocked pro-shop, golf practice facilities, and the Clubhouse Restaurant & Bar.

“We welcome the well known brand name of Troon Golf to Fiji and to Denarau Island”, commented Mark McWhinnie, Managing Director, Sheraton Resorts Denarau Island. “Troon Golf’s expertise will add to the quality experience for visitors to our resort complex” he stated.

“We look forward to introducing the Troon Golf Experience to the South Pacific’s premier golf facility and to our partnership in Fiji,” stated Senior Vice President, Australia/Pacific Division, Bruce Glasco.

Starwood Hotels & Resorts Worldwide, Inc. is one of the leading hotel and leisure companies in the world with more than 740 properties in more than 80 countries and 110,000 employees at its owned and managed properties. With internationally renowned brands, Starwood is a fully integrated owner, operator and franchiser of hotels and resorts including: St. Regis, The Luxury Collection, Sheraton, Westin, Four Points by Sheraton, W brands, as well as Starwood Vacation Ownership, Inc., one of the premier developers and operators of high quality vacation interval ownership resorts. For more information, please visit www.starwood.com.

Headquartered in Scottsdale, Arizona, Troon Golf is the world’s leading luxury golf management company, operating more than 120 golf courses located in 23 states and 10 countries. Additionally, 23 Troon Golf facilities enjoy a top 100 ranking by national or international publications. Troon Golf properties include The Westin Turnberry Resort, Ayrshire, Scotland; The Sagamore Club, Indianapolis, Indiana; Troon North Golf Club, Scottsdale, Arizona; Newport National Golf Club, Middletown, Rhode Island; Eagle Glen Golf Club, Corona, California; and Kitago Golf Club, Miyazaki, Japan.

BIL International Ltd is an international investment company headquartered in Singapore, and has a primary listing on the Singapore Exchange, with secondary listings on the London and New Zealand Stock Exchanges. The company’s primary role is as an active investor with strategic shareholdings and active investment management aimed at maximizing shareholder value. BIL’s key investments in the tourism industry apart from Denarau Island include Thistle Hotels in the United Kingdom and Molokai Ranch in Hawaii. More information can be found on the website http://www.bilgroup.com.
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