Kauai's Prince Course To Reopen with Montage Golf Management

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PRINCEVILLE, KAUA'I, HAWAI'I (February 7, 2012) - Princeville at Hanalei is launching the next Resort Phase of its master development plans with the re-opening of the acclaimed Prince Golf Course, consistently ranked as one of America's Top 100 Golf Courses by Golf Digest. The Prince Course will open for play March 1, 2012 following a multi-million restoration by Heritage Links and renowned golf course architect, Robert Trent Jones, Jr. Restoration work also included significant interior and exterior updates to the Princeville Clubhouse and its dramatic entryway.

The Princeville at Hanalei resort community on Kaua'i's North Shore is one of the world's most beautiful travel destinations. For the first time, Princeville will offer a very limited number of "One of a Kind" oceanfront multi-acre ranch home sites, with spectacular views of the Pacific Ocean, Bali Hai, Anini Beach Shoreline and the Kilauea Lighthouse. Later in the year, contemporary Hawaiian Hales and Villas will also be offered, designed to preserve island legacies, while providing understated luxe amenities & services all tied to the new St. Regis Princeville, Prince and Makai Courses, existing resort recreational and adventure amenities.

Montage Golf, a division of Montage Hotels & Resorts, known for their collection of distinctive hotels, resorts and residences in stunning settings, will oversee management, training and programming at the Prince Course and Princeville Golf Club and Adventure Center. Princeville is Montage Golf's debut in Hawai'i's luxury resort marketplace. "The distinguished history and spectacular setting of the Prince Course are truly extraordinary and we are honored to partner with Jeff Stone to design and implement a memorable golf experience for our guests," said Greg Villeneuve, Vice President of Golf for Montage Hotels & Resorts.

"We're looking forward to unveiling the new Prince Course and are truly excited about the partnership with Montage and the company's commitment to excellence in golf service," says Jeffrey R. Stone, Princeville at Hanalei master developer. "Montage has redefined 'comfortable luxury' in the hospitality industry and brings a new level of prestige and cachet to Princeville and Hawai'i's golf industry. They are second to none when it comes to delivering exclusive experiences and their expertise in building signature outdoor adventure programs, is a natural fit for our existing Princeville Ranch Adventures and the North Shore of Kaua'i."

The Prince Course is known equally for its challenging play and unparalleled natural beauty. The world-class layout encompasses 350 acres of rolling terrain, tropical jungle, gullies, streams, waterfalls and stellar ocean views. Restoration work to the course included the complete reconstruction, re-shaping and re-grassing of all greens to meet modern USGA specifications; remodeling of bunkers; widening of fairways; and the addition of new tees for extended challenge and variety.

Golf course architect and Hanalei resident Robert Trent Jones, Jr. emphasized, "The improvements we made to the Prince Course were very important to me, personally because of my long-standing connection to the area. Our firm implemented a wide-ranging refreshment that has returned the golf course to its original pristine condition and will guarantee its continued stature as the best layout in Hawai'i. Essentially, we gave The Prince the royal treatment it deserved."

Princeville Golf Club's 13-acre driving range/practice facility was also refurbished and expanded to feature multiple tee areas and target greens with bunkers. The spectacular 60,000-squarefoot Princeville Clubhouse, redesigned by award-winning Group 70 International, will include a newly designed golf shop, locker rooms, lobby, outdoor terrace overlooking Bali Hai and an expanded retail ground floor, offering programs that capitalize on exclusive access to the golf course and surrounding lands and showcase Princeville's lush tropical landscape, mountains, waterfalls and streams. Cart and walking tours to view the incredible resort and golf course scenery will also be available.

"We're greatly appreciative of the support we've received from Kaua'i County officials, the ILWU, our employees, contractors, and the local community," continued Stone. "Everyone has been incredibly patient throughout this extensive restoration project. We believe our guests and residents, golfers and non-golfers, will find the Prince Course and Clubhouse transformation astonishing."

Princeville Golf Club is now accepting reservations for play on the Prince Course beginning March 1. For rates and on-line tee time arrangements, visit Princeville.com. For information about real estate call (808) 531-9761 or visit www.theresortgroup.com.

About Robert Trent Jones II
With headquarters in Palo Alto, Calif., Robert Trent Jones II, Golf Course Architects (RTJ II) is the preeminent golf design firm worldwide. Trustees of a great tradition of golf course architecture, RTJ II is committed to working in harmony with nature to craft the best golf course on each unique site. The RTJ II design team has experience in every aspect of golf course development and the ability to provide support and expertise from conception through completion of any project. For additional information contact the firm at (650) 475-0329 or on the website at rtj2.com.

About Princeville
In 2005, Princeville Associates LLC, under the guidance of master developer Jeffrey R. Stone, acquired the approximately 9,000-acre Princeville Resort, an area known for an abundance of natural resources, scenic beauty and stunning ocean and coastal views. The purchase included the 252-room St. Regis Princeville Resort (formerly the Princeville Hotel), Prince and Makai golf courses and club facilities, Princeville Tennis Club, Princeville Health Club and Spa, Princeville Shopping Center, Princeville Airport, Princeville Ranch and historic taro lands in adjacent Hanalei Valley. For more information visit Princeville.com.

Stone mastered the introduction of the St. Regis Resort to Hawai'i (and completed the transformation of the landmark Princeville Hotel property), a pivotal component to securing the development of Westin Hotels & Resorts' first vacation club concept on Kaua'i (the Westin Princeville Ocean Resort Villas); transferred stewardship of the historic Hanalei Plantation hotel site to Ohana Hanalei LLC, an affiliate of Montage Hotels & Resorts; and oversaw the successful renovation of Princeville's Makai golf course (27 holes), clubhouse, fitness center and shopping center. In five years, and during the country's most challenging economic times, Stone engineered $500+ million in capital investment and the creation of 2,000+ construction jobs at Princeville. Annual operations at the resort currently support 2,500 jobs and generate $377 million in economic impact to the County of Kaua'i and the State of Hawai'i. For more information visit www.theresortgroup.com.