Projects Under Development

PGA International Resort-Savernake Club, Wiltshire, England
BVHG Europe is providing development services and owns joint venture interest in the leasehold estate of this 400-acres of the estate, which owned by the Earl of Cardigan. The development's golf course, accommodations and meetings facilities will be for the use of major corporations located in the area. BVHG Europe will oversee the project and manage the resort on completion in 2011. The resort will then be known as the PGA International Resort at The Savernake Club, the first of BVHGs PGA International brand in Europe.
 
Fortune Health Resort, Cyprus
BVHG Europe is providing planning, development and management services for this destination spa, wellness and health oriented resort and residential community being developed on 400 acres in Cyprus. When completed this will be the largest destination health resort complex in Europe. The first phase of the project is scheduled to be completed in early 2009.

Vista Club Condo/Hotel, Orlando, Florida
BVHG is part of the ownership group which acquired this project in June 2006 and is providing development and management services for the conversion and operation of this 247 unit condo/hotel in the Disney World market area of Orlando. The conversion will be completed in November 2007.

TPC Cancun, Cancun, Mexico
BVHG is part of the ownership group and is providing development services and will manage the golf club consisting of 36 holes of golf. One course is designed by Nick Price and the other by Tom Fazio. Both courses are licensed by the as Tournament Player Courses. The surrounding gated residential community will have 1700 homes. The golf courses and infrastructure will be completed in the second quarter of 2008.

Gello Mattaccino Private Residence Club- Pisa, Italy
BVHG-Itlay s.r.l. is providing development, marketing and management services for the conversion of this 17th century estate into a luxury private residence club with 32 residential units. Construction will begin in July, 2007 with the first phase opening in the fall of 2008.

Regency Suites Resort, Orlando, Florida
BVHG is providing development services and will manage the 326 unit Hotel Condominium project, featuring 640 sq ft executive suites and 1050 sq ft two bedrooms, 2 baths residences. Construction began in August of 2006 and completion is scheduled for late 2008.

INVI Brazil
BVHG Europe has entered into a joint venture with a local Brazilian real estate planning and development services company for which BVHG will provide its expertise and receive fees and promoted equity interests in INVI's projects in South America. Presently the joint venture has 6 projects in planning.

PGA International-La Baronia, Estivilla, Spain
BVHG Europe is providing development services for this 560 hectare residential golf community in Estivilla, Spain. The project's planning began in Feb. 05. Construction of the three golf courses and infrastructure for the 3200 residential units and commercial areas is scheduled for the third quarter of '07. BVHG will manage the development process and market the for sale units and on-going club operations. This project will be branded as a PGA International Resort under BVHG's exclusive license with the PGA (UK).

Tustica Resort
BVHG Europe is providing development services for the 1000 hectare resort community on the Adriatic Sea near Zadar, Croatia. The project's planning began in mid-2004 and construction is scheduled to begin in mid 2007. BVHG is part of the overall development team headed by the Texas based Blackard Group and will have specific responsibilities for the golf and resort htmlects. This project will be branded as a PGA International Resort under BVHG's exclusive license with the PGA (UK).

Palazzo Pauly Private Residence Club, Venice, Italy
BVHG-Itlay s.r.l. is providing development, marketing and management services for the conversion of the Vetreria Pauly glass building into 24 luxury private residence club units. Construction begin in June, 2006 with completion scheduled for the third quarter of '08.

Villa Milano, Orlando, Florida
BVHG is providing development services and will provide management services for this luxury level hotel in Orlando. A total of 180 units will be set within an elegant Italian village. Construction is to begin in the third quarter of 2007.

The Greenpoint Hotel, Brooklyn, New York
BVHG is providing development services and will manage this Boutique Hotel located in the Greenpoint area of Brooklyn, NY. The hotel will consist of 82 guest rooms, 4000 sq ft of meeting space, restaurant, lounge, business center, roof top pool and lounge, and fitness center. Hotel is scheduled to open in late 2008

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