Kenzi Group Signs Property Logic to Open Kenzi Premium Resort in Saida Morocco

Le Jardin de Fleur, flagship brand of Property Logic, has united large hotel names including Radisso

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. February 12, 2009

FEBRUARY 12, 2009 - The Kenzi Group has signed a management contract with the developer Property Logic for the "Kenzi Premium" project in Le Jardin de Fleur Sa"idia.

Le Jardin de Fleur, the flagship brand of Property Logic has united large hotel names including Radisson, Best Western Premier and Golden Tulip.

Already dubbed the "exotic C^ote d'Azur", it forms part of the Plan Azur, a project backed by his Majesty the King Mohammed VI, and destined to launch a strong touristic expansion in the next few years.

Le Jardin de Fleur is located in Mediterrania-Sa"idia, the luxurious costal complex of more than 700 hectares, with 6km of beachfront located in a region known as the Blue Pearl of Morocco.

"Kenzi Group has decided to be present in this project and will open a luxury hotel with unique character," comments Abdellatif Kabbaj, Managing Director of the Kenzi hotels Group. "The fact that Property Logic - a European developer has chosen a 100% Moroccan management company for its flagship project in Morocco is a vote of confidence for the Moroccan tourism sector," he adds.

"We chose to invest in Sa"idia being the first Government-backed Plan Azur destination to open in Morocco on the Mediterranean. To achieve its excellent potential, we created Le Jardin de Fleur resorts with the vision to set high standards for a five star tourism experience, and to provide a destination that will make the people of Morocco proud. This has led us to develop 11 individually-styled resorts that offer full hotel service operated leaseback properties in Mediterrania-Sa"idia. We have currently signed 7 management contracts with international and Moroccan hotel brands, and we are in the process of finalizing negotiations upon the remaining plots. The Kenzi Premium Signature is a luxury brand that will fit perfectly with Le Jardin de Fleur's commitment to individual design and quality," said Sean Cusack, Managing Director of Property Logic.

The resort comprises 59 luxury villas with private pools on plots ranging from 800 to 1000 m2, providing a total of 470 beds. The Kenzi Premium Sa"idia will offer its guests a privileged level of comfort on the oriental coast of Morocco, providing an exceptional site spread over 8 hectares, where luxury and leisure will combine with wellness services.

Guests will be able to enjoy a mild and pleasant year-round climate as well as many leisure options offered by Kenzi Premium Sa"idia:

• Lagoon swimming pool and children's pools

• Clubhouse

• Restaurant and bar

• Spa

• Tennis courts

• Putting green

In addition, the Kenzi Premium Sa"idia will be surrounded by:

• 3 golf courses with 18 holes each

• Medina Sa"idia commercial centre with 160 international shops

• Sports complex (Olympic pool, tennis courts, football ground)

• Diving centre

• Heliport

• Marina with 1350 mooring points

The Kenzi Premium Sa"idia will benefit from privileged access, as it will be only 35 minutes from Oujda airport which is a short flight time from most European cities. The resort is due to open in 2011.

About the Kenzi Hotel Group

Created in 1988, the Kenzi Group comprises today ten 4* and 5* hotels, with a total of 1564 rooms. This positive development has allowed the group to become a leading Moroccan hotel operator thanks to the trust that it has enjoyed among customers. Spa centres, restaurants, bars, business centres among many other services have made the Kenzi Hotel Chain leader in Moroccan tourism and have embellished its reputation. In 2009, Kenzi Hotels Group will open two Premium Signature properties. The 1st March 2009 will be the opening of the five star Kenzi Tower Hotel in Casablanca and the Kenzi Menara Palace in Marrakech, which will mark the introduction of the world class luxury brand of this hotel chain. For more information, please visit www.kenzi-hotels.com

About Property Logic

Property Logic is a leading global real estate developer specialized in creating high luxury resort communities in emerging destinations. Headquartered in Spain, the company is currently responsible for the design and construction of prestigious large-scale resort communities aimed at the exclusive luxury market.

Through its flagship brand "Le Jardin de Fleur", Property Logic has become the prominent leader in the tourist development of Mediterrania Sa"idia, a 7 million square meter coastal development on the northeast coast of Morocco. Le Jardin de Fleur comprises of 11 resorts featuring villas, townhouses, residences and clubhouses.

In 2006 the company acquired the exotic Brazilian island "Ilha de Caja'iba", approximately 11 million square metres, located in a beautiful bay in the state of Bahia. The development of this island will commence in 2009 and will provide a new generation eco-resort with luxury accommodation, signature golf courses and an emphasis on boating activities. For more information on Property Logic, visit www.property-logic.com

For more information please contact:

Neda Daghir

Marketing & Communications Manager

Property Logic

Tel.: +34 952 799 579

Email : [email protected]