The premier luxury beachfront community has reached $100 million in sales.

(ROSE HALL, JAMAICA) - May 15, 2006 - The Palmyra Resort & Spa at Rose Hall has proven that the renaissance on the Jamaica's Gold Coast is in full swing, as reservation holders from around the world flew into Montego Bay, Jamaica, May 5-6 to attend its Priority Selection Event held at the neighboring Ritz-Carlton(r) Golf & Spa Resort. The premier luxury beachfront community reached $100 million in sales for its luxury villas and residences, resulting in the complete sell out of the community's Sabal Palm building and a significant number of residences in the Silver Palm building, all of which are from the development's first phase offering.

"We've long known that Jamaica is the next Caribbean destination primed for a real estate boom, and we're pleased to know so many savvy buyers agree," said Robert T. Trotta, developer of The Palmyra. "We're honored that so many families have chosen The Palmyra as their home away from home."

The private event was open solely to reservation holders from the U.S., UK, Canada and Jamaica. "I researched real estate opportunities in the Cayman Islands and Bahamas and found the value to be significantly better in Jamaica," said Robert Lawrence, a new Palmyra resident from West Chester, Pennsylvania. "The renaissance on the Gold Coast and confluence of island improvements has made the timing for buying ideal."

"Jamaica is our homeland, and we always wanted a more permanent presence here," said Grennet and Sandra Service, new Palmyra residents from Orlando, Florida. "We're excited to have found the most luxurious location on the North Shore and have greatly enjoyed meeting our new neighbors."

"As a resident of New York City, I was looking for an island destination I could escape to," said Karen Rose, another Palmyra buyer. "After visiting Jamaica in October and seeing all the positive change throughout the island, I knew this was the place for me."

The new Palmyra residents will be able to begin using their residences in late 2007 when construction of Phase I, which includes two condominium buildings, villas, the SPA and restaurant, is scheduled to be completed. As The Palmyra nears completion of Phase I's sellout, prices will continue to increase and additional real estate offerings will be released.

"This successful weekend marks the beginning of what The Palmyra will be—a community unlike any other offering residents and guests the finest in island style living. We're thrilled to welcome our new neighbors," added Trotta.

Located on 16 acres of pristine waterfront property in Montego Bay, The Palmyra provides world-class amenities and unparalleled indulgence in a tropical village setting. In contrast to the current premiums placed on beachfront property in Florida or other Caribbean islands, The Palmyra will provide a value-added lifestyle with an inherent investment opportunity as its luxury real estate offering ranges from the $500s to $3.5 million. In addition to their own island retreat, residents and guests will have access to The Palmyra ESPA, a 23,000 square foot spa, personal concierge service, and a selection of enrichment classes or activities based on Jamaica culture. Additionally, residents and guests will have preferred access to the three renowned Rose Hall golf courses—the White Witch, Cinnamon Hill and Half Moon.

Bringing The Palmyra to life is Rose Hall Developments, the company that has masterfully planned the entire 5,000-acre community of Rose Hall Plantation, in partnership with the Resort Properties Group. The Resort Properties Group is a highly-respected development company with more than 20 years of expertise in creating spectacular, international luxury communities in Europe.