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San Miguel de Allende's Newest Luxury Resort and Residential Opportunity Breaks Ground

Tue Jul 1, 2008 9:08am EDT
Rosewood San Miguel de Allende and Artesana Rosewood Residences
                  are City's First Five-Star Property
SAN MIGUEL DE ALLENDE, Mexico--(Business Wire)--
Bald Mountain de Mexico's new luxury resort in San Miguel de
Allende, Mexico has broken ground. Opening in late summer 2010,
Rosewood San Miguel de Allende will combine an intimate ultra luxury
resort, private residences and a spectacular spa, with the charm and
culture of San Miguel de Allende, a historical colonial town located
in the mountainous state of Guanajuato in central Mexico,
www.artesanaresidences.com. Currently part owner in the property,
CarVal Investors (CVI) has agreed to fund construction of the project.
CarVal was founded in 1987 by food giant Cargill and has been a first
mover or early entrant across the globe, having invested in 43
countries. Today, CarVal Investors manages over $17 billion in assets.

   "The Rosewood San Miguel de Allende and the Artesana Rosewood
Residences will combine luxury resort service and amenities with the
opportunity to experience one of Mexico's oldest cultural and historic
destinations," said Scott Writer, principal of Bald Mountain de
Mexico. "We are honored to be granted the privilege of bringing this
wonderful new property to San Miguel that will stay true to the
distinctive architecture and lifestyle of the city," said Writer.

   Located within downtown San Miguel de Allende, Rosewood San Miguel
de Allende will present 63 beautifully appointed guest rooms,
including 15 deluxe guest rooms, 46 spacious suites, and two
multi-bedroom presidential suites encompassing more than 1,700-square
feet each. All rooms will have luxurious amenities such as fireplaces,
balconies and private outdoor terraces, many of which will include
plunge pools. The resort will also feature Sense, A Rosewood Spa(TM)
which will provide guests one-of-a-kind ambience, style and attention
to detail. Food and beverage offerings will include casual and fine
dining restaurants, a rooftop lounge and tapas bar, and a wine and
tequila cellar, which will be available for intimate private dining.

   The resort, which will define luxury in San Miguel de Allende,
will also include some of central Mexico's most unique residences, the
Artesana Rosewood Residences, which will be available for sale in
2008. Crafted by local artisans with the look and feel of Old San
Miguel, the residences will capture the historical essence of Mexico's
most beloved town. There will be two-, three-, four- and five-bedroom
residences, ranging from 1,800-square-foot casitas to
7,500-square-foot villas. Residents will have full access to all
resort amenities.

   Bald Mountain de Mexico SRL (BMM), is a mixed-use development
company based in San Miguel de Allende. The Bald Mountain team has
impressive experience in resort, residential, environmental, and
commercial real estate development. In each discipline, Bald Mountain
de Mexico provides seasoned leadership and experienced, professional
employees working within a tested and organized administrative system.

Murphy O'Brien, Inc.
310-453-2539
Spencer Castillo, scastillo@murphyobrien.com
Regina Wong, rwong@murphyobrien.com
Elizabeth Lombardo, elombardo@murphyobrien.com

Copyright Business Wire 2008



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