As of the beginning of 2007, over 110 luxury apartments at the One Jaco Place Resort have been sold, business is very good and construction is about to begin.

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As we near the beginning of construction for this Jaco Luxury Condo Resort there has been one important question left hanging that our VIP Member owners have been asking me …

Which condo hotel company will operate the resort & the new beach club condominium hotel?

We are pleased to announce that the One Jaco Luxury Condo Resort & Beach Club is now part of the Sonesta Resort family.

We could not be happier with the choice of condo hotel operator for this magnificent project! They have incredible experience operating some of the most demanding and respected condominium hotels worldwide and operate condominiums such as the award winning Trump Sonesta Beach Resort in Miami Beach.

For over 60 years, Sonesta has owned, managed, designed, built and marketed hotels throughout the world. Sonesta International Hotels Corporation is an outgrowth of Sonnabend Operated Hotels, founded in the 1940’s by the legendary A.M. Sonnabend, and Childs Restaurant Company, founded in the 1930’s. In 1956, they merged to become Hotel Corporation of America (HCA), one of the first major hotel companies.

Sonesta is a NASDAQ traded company (symbol SNSTA) with revenues of US$134,889,000 in 2005. Sonesta has 28 properties worldwide – soon to be 29: 23 hotels & resorts and 5 cruise ships on the Nile. 2 properties are owned & managed; 16 are managed and 10 are licensed with 6,428 rooms total.

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2010 Important Legal Update:

Although this project is nearly finished, due to the current economic crisis, the developer has been forced to take legal action against the banks so please make sure you are fully informed!

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