ST. LUCIA, West Indies, June 28 /PRNewswire/ --

Globally renowned Raffles Hotels & Resorts has announced the introduction
of a limited Founder's Program at its newest Caribbean resort: Raffles St.
Lucia, West Indies. Elegantly appointed estate homesites and one- and
two-bedroom condominium residences will be available for purchase through the
Founder's Program in late 2007, and reservations are now being accepted.

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ST. LUCIA, West Indies, June 28 /PRNewswire/ --

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The 360-acre Raffles St. Lucia, West Indies luxury resort community will
be distinguished by sweeping oceanfront vistas, dramatic cliffs,
honey-colored beaches and a Jack Nicklaus Signature Golf Course. The resort,
which will also include a 200-room Raffles Resort hotel, has a planned 2010
opening.

Residents at Raffles St. Lucia, West Indies will enjoy Raffles' legendary
amenities and service including a 24-hour concierge, full-service property
maintenance and management, fitness center, beach clubs and a
10,000-square-foot RafflesAmrita Spa, as well as a variety of dining options,
infinity-edge swimming pools and Kids Club.

Easy access to the resort will be facilitated by a helipad, as well as a
local FBO airport that can accommodate a variety of private aircraft. Daily
non-stop flights are offered to the island from major East Coast hubs,
including New York, Miami, Charlotte, Philadelphia and Atlanta.

Highlighting a list of prestigious offerings is the Jack Nicklaus
Signature Golf Course, which - in addition to a state-of-the-art clubhouse
and pro shop - will be among the first in the world to extend membership into
the exclusive Jack Nicklaus Golf Club. This reciprocity program will provide
privileged access to other Jack Nicklaus Golf Clubs around the world and
Raffles St. Lucia is among the first eight of only 25 resort locales that
will present this exclusive offering.

"Known worldwide for its refined elegance and unmistakable
sophistication, St. Lucia affords the kind of exotic surroundings that are
somewhat unexpected in the Caribbean," says Mike Collins, Principal and CEO
of IMI. "Raffles St. Lucia offers a legendary opportunity to create a legacy
for buyers from Europe and Asia, as well as North America."

"The escalating demands from markets like the UK are quite remarkable,
especially for offerings like this one where scarcity is such a driving
factor," Collins concluded.

IMI, the leading luxury real estate sales and marketing firm in North
America and the Caribbean, will oversee sales and marketing efforts for
Raffles St. Lucia, West Indies. Other members of the St. Lucia team include
EDSA, one of the world's leading planning and landscape architectural firms
with a number of premier projects in the Caribbean, which will manage
landscape architecture plans. EllisDon, which has been recognized for its
innovative and dynamic work worldwide, will oversee construction.

The island of St. Lucia is widely lauded as a seaside paradise, bordered
by the Caribbean Sea to its west and the Atlantic Ocean to its east. At 14
miles by 27 miles long, the island features a tropical rainforest,
spectacular coastlines and the majestic Piton volcanic peaks. The private
bays and secluded beaches provide an ideal setting for swimming, snorkeling
and scuba diving; the brilliant green landscape provides the ultimate
backdrop for island living.

To learn more about becoming an owner at Raffles St. Lucia, West Indies,
or to make a Founder's Membership reservation, visit www.rafflesstlucia.com
or call +1-800-297-1857.

RAFFLES HOTELS & RESORTS

The Raffles collection of luxury hotels has consistently distinguished
itself by providing the highest standards of products and services. With
locations around the globe, each hotel is a landmark in its respective city,
positioned at the top of its local market and rated among the very best in
the world. Raffles' hotels and resorts have earned a legion of international
accolades, including Conde Nast World's Best Places to Stay and Travel &
Leisure World's Best Awards.

IMI is headquartered in Greenville, S.C., and specializes in the sales
and marketing of luxury resort real estate in the most desired destinations
throughout the U.S., Mexico and the Caribbean. Since 1990, IMI has introduced
thousands of clients to opportunities for real estate ownership in some of
the greatest places in North America, from beachfronts to mountaintops to
towering city penthouses, resulting in over US$4 billion in closings. For
more information about the company and its offerings, visit IMI's Web site at
www.imiliving.com or call +1-864-233-6070.

Web site: http://www.imiliving.com
              http://www.rafflesstlucia.com