Ginn sur Mer Update

Land Clearing and Blasting of Canals Underway

April 10, 2007

The development team will soon begin accepting reservations on the luxurious, oceanfront cabana properties in Ginn sur Mer. These will be the very first residential units to be sold on the island. Up until now, they were only offering residential lots for future to-be-built oceanfront houses.

The location of these cabana units will be at the northwest section of the community next to Old Bahama Bay, a resort which Ginn recently acquired. In the attached map below, the cabana homes will be located at the top left corner of the map, just to the right of the marina area. They will be situated on some of the nicest beaches in the entire Ginn community.

{Insert attached map. Caption: The Ginn sur Mer cabana homes will be located on some of Grand Bahama Island's most beautiful beaches. }

There will be one-, two- and three-bedroom cabana units available, most probably designed with a Key West or Bahamian charm and feel.

Prices have not yet been released. Estimates at this time are that one-bedroom units might start in the low $800,000's. These condominium units will be eligible for the hotel's rental program, and because of their unique direct oceanfront location, they will likely command a very high rate.

The cabana units will be about 2.5 miles from the main hotel, where you will find the resort's main restaurants, spa and the Caribbean's largest casino. With water taxis, electric cars and golf carts readily available, owners will have convenient access to all the action combined with the privacy of their own oceanfront home.

This is all the information available at the moment. There is a scheduled meeting on April 30, 2007 at which time additional details will be presented. Then the development team will begin taking reservation on May 1, 2007 for the priority selection event later this year. It is expected that the reservation deposit will be a fully refundable $2,500. This deposit will put interested parties on the Ginn sur Mer priority list and give them a possible option to purchase.

Obviously, there will be a lot more information coming in the months ahead, but typically units at Ginn projects are reserved very, very quickly. However, waiting for ALL of the information to make a decision to reserve a unit is tantamount to a decision to pass, as these units will likely appreciate rapidly as they are swallowed up by loyal Ginn followers/investors.

Contact us at info@CondoHotelsBahamas.com if you are interested in getting a reservation as soon as they begin accepting them, and we will send you the proper forms. Or, let us know if you are considering a purchase but just want to be kept abreast of the cabana details as they become available for now. There is, of course, no charge, no obligation, for the information we provide.