Palmerston release details of their latest property

November 2010

London, England. Palmerston Hotels & Resorts confirm their latest long term Management Contract has been signed for their first project in Sardinia, Italy.

The Palmerston Santa Teresa Golf Resort & Spa, neighbouring the world famous Emerald Coast and close to the beautiful Maddalena islands, is a 45 minute drive from Olbia international airport or a 6 minutes helicopter ride to the resort's private helipad. Set among 220 hectares of magnificent unspoilt lush landscape, this deluxe secluded resort comprises a five star boutique hotel, an exclusive 18 hole golf course, a deluxe Spa, leisure facilities and luxury villas and residences. Palmerston's Chairman Mr Dieter Klostermann stated that: "The ambiance of the resort will authentically reflect the local architecture which will be sympathetic to the typography of the landscape and genuinely reflect the Sardinian lifestyle where outdoor living is as important as the indoors".
The planning phase has been completed and outline construction permits obtained. The first construction phase, including the Hotel, golf course and villas is due to begin in mid 2011. The Resort is due for completion in 2013.

In addition Palmerston have recently launched its new prestigious mixed use development concept - Palmerston Club & Residences. This unique mixed use model has been developed to deliver a superior "effortless living" lifestyle for residence buyers and guests and provides accelerated returns on the developer's investment. The concept will typically comprise a development volume of 70% luxury apartments for sale and 30% being allocated to a private members' club, boutique club suites, restaurants, lounge bar, meeting rooms, Spa and a fitness suite.
Palmerston are currently in advanced negotiations for suitable sites in London, Hamburg, Geneva, Moscow and Seoul, Korea.

Palmerston Hotels & Resorts, a corporate affiliate of CCA International, is currently developing a portfolio of unique properties that will incorporate the highest standards in architecture, interior design and facilities. Palmerston will also incorporate an "exclusive private club service concept" complimenting Palmerston's club tradition and passion for superior cuisine.
With Headquarters in Hong Kong and Regional Offices in the UK and Europe, Palmerston specialises in the turn-key development and management of luxury boutique hotels and integrated resorts that combine hotel, spa, golf and real estate.

For further information, contact:
Tim Perkins, Project Development Director, Palmerston Hotels & Resorts, c/o UK Representative Office, Brocket Hall, Welwyn, Hertfordshire AL8 7XG - United Kingdom. Tel: +44 1707 368 750; Fax: +44 1707 371 447, t.perkins@palmerstonhotels.com