Groundbreaking for Planet Hollywood Tower - Friday 20th of January 2006

LAS VEGAS – David A. Siegel, founder, president, andCEO of Westgate Resorts, the world's largest privately held timeshare company,and Robert Earl co-chairman of Planet Hollywood Resort & Casino will breakground today on a 50-story luxury vacation ownership and condominium towerdirectly connected to the Planet Hollywood Resort & Casino complex on theworld- famous Las Vegas Strip. The partnership brings together two recognizedindustry leaders committed to providing the highest quality vacation experiencesto their guests.

The $750 million development will include over 1,200 units ranging in sizefrom one to four bedrooms, increasing the hotel room inventory for the resort by2,800 rooms. The top four stories of the Towers will be comprised of 28 luxurycondominiums ranging in size from 4,000 square feet to 10,000 square feet withprices starting at $4 million. The vision for the new Towers was to create alook that was both sleek and glamorous. The color palette is in keeping withthe Planet Hollywood brand using red and blue accents to set off the soaringglass building.

The Towers, which will be located on the Southeast corner of the complex, atthe corner of Harmon Avenue and Audrey, is being designed by Gerald B. Koi,Architect of the firm Morris Architects. The casual yet sophisticated interiorsare being created by DiLeonardo International, Inc., recognized worldwide forits achievements and innovations in the hospitality industry. Overseeing theconstruction is Bovis Lend Lease Americas, one of this country's largestconstruction managers.

"Planet Hollywood Towers by Westgate will dramatically alter the Las Vegasskyline. Its majestic lines will add grace to the Harmon Avenue corridor and Iam especially proud that our development is located steps away from the LasVegas Strip," said David Siegel. "When completed in 2007, this will be theworld's first vacation ownership resort directly connected to a major resorthotel and casino complex complete with over 12 restaurants, luxury resortamenities, as well as a full-service shopping mall with over 140 stores. Webelieve that this fully self-contained resort environment will provide our350,000 timeshare owners vacation experiences unavailable anywhere else in theworld."

"I am thrilled that we are here to celebrate the groundbreaking of thePlanet Hollywood Towers by Westgate. Westgate Resorts is one of the largest andmost successful vacation ownership companies in the world and this incrediblebuilding will dramatically increase guest traffic, room count, and the overallPlanet Hollywood Resort & Casino experience. I could not be more pleased to beworking with David Siegel, a pioneer and visionary in the tourism industry,"said Robert Earl. "The development of this plot of land, coupled with thecomplete redesign of our fagade and casino, and the agreement with the shoppingmall on enhanced entrances, including access to the Planet Hollywood Towers byWestgate, has created a seamless and completely integrated resort complex. Iwould like to thank David Edelstein and Boulevard Invests for working diligentlywith us on integrating our collective properties."

Other unique features of the Planet Hollywood Towers by Westgate include:

Gross area of over 3.2 million square feet including 2.3 million square feet of living space

14,000 square-foot lobby and check in area

35,000 square feet of meeting and convention space, supplementing the resort's meeting space

16,000 square feet of eclectic dining

3,100 square-foot fitness Center

16,000 square-foot sales area

Outside amenities include a 40,000 square-foot elevated outdoor recreationalpool area on the second level and an exclusive 46th floor Penthouse Pool.

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