Grupo Grand Coral, the premier developer backed by prestigious Spanish financial
houses Bancaja and Banco de Valencia, announces the newest destination in
Mexico: Grand Coral Riviera Maya. Located 30 minutes from the Cancun Airport and
five minutes from popular coastal town Playa del Carmen, this $2.5 billion
investment spans 561 oceanfront acres, contributing to the urban expansion of
the region. Blending notable brands, resorts, a Nick Price golf course,
entertainment and retail/restaurant, Grand Coral Riviera Maya will be a grand
oasis.

"Grand Coral Riviera Maya will truly be the first of its kind in the region,"
states CEO Jordi Mercadé. "This master development presents a great opportunity
to developers and investors to be in an impressive gated community with multiple
real estate options." The selection includes a variety of land lots, "there is
really an opportunity for developers and investors at every level and we will
work with each one individually to meet their needs."

Neighboring downtown Playa del Carmen and its popular Fifth Avenue, the vibrant
street lined with boutiques and restaurants actually continues into the project.
Construction is estimated to take place over ten years and $700 million has been
invested to date. Already underway is Mareazul which includes 300 luxury
beachfront condominiums. The development will offer a fine selection of
amenities including a spa, Botanical Zen garden with Mayan sculptures, beach
club with private cabanas.

The 18-hole golf course will be designed by Hall of Fame golfer Nick Price,
said, "I am very excited with the opportunity to design the golf course for
Grand Coral Riviera Maya. The project will have an urban resort feel, something
unique to the area. For several years I had vacationed here enjoying the
fishing, good food and wonderful people and I am happy to be back here now to
design a course in the vibrant city of Playa del Carmen," said Price. In what
will be a first for Price, the project will feature Nick Price Residences,
consisting of 123 residences, located adjacent to the clubhouse with views of
the course.

There are numerous eco-friendly components to protect the environment at Grand
Coral, including preserving 75% of the land and saving greenery removed during
construction to a greenhouse until ready for replanting. "It is very important
for us to work in harmony with the land and we will encourage this lifestyle
with all developers and future residents of Grand Coral," adds Mercadé.

Riviera Maya is truly paradise and has the world`s second largest barrier reef
which lies in the ocean waters bordering Grand Coral.

Grand Coralis the largest investment in Mexican Caribbean and will showcase more
than 6,900 residences at its completion