Ad Valora Announces Two Major Projects in Mexico
Including a World Class Hotel and Casino
AUGUST 2, 2007. Ad Valora today announced that it has begun the planning and development for two major projects near San Felipe, Mexico, in Baja California on the Sea of Cortez.
The first project, Pelican Reef, is a 157-acre oceanfront property 38 miles south of San Felipe. Ad Valora plans to build 992 1,200 square-foot condominiums at this site, along with swimming pools, spas and a Club House.
The second project, called "Mexicarlo," is a hotel resort and casino. This Five Star Hotel and Casino will include 350 hotel suites, penthouses on the top floor, and a 40,000 square foot casino featuring all the popular gaming Americans find in Las Vegas and excellent restaurants and shops. Also at the site will be constructed an 18-hole professional golf course, club house and restaurant, and a marina on the warm, azure blue, Sea of Cortez waterfront with eventually more than 100 slips.
"Fishing is world renowned in this area which prides itself on 360 days of sunshine a year," said C.M. (Sonny) Ball, Chairman. "We are looking to break ground on these projects in mid-October 2007."
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
