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Ty Warner Purchases Esteemed Five-Diamond Resort

By Amanda Miller

Published September 23, 2004

Las Ventanas al Paraíso, A Rosewood Resort, becomes newest addition to Ty Warner's unique collection of international destinations

Ty Warner Hotels & Resorts, LLC announced today the purchase of the acclaimed Las Ventanas al Paraíso Resort in Los Cabos , Mexico . Ty Warner purchased Las Ventanas from Dallas-based JTL Capital, LLC, with the seller being represented by Secured Capital and the buyer by Solid Rock Advisors. The Las Ventanas joins Ty Warner's distinctive collection of individually unique and upscale destinations including the San Ysidro Ranch in Santa Barbara , California and the Kona Village Resort on the Big Island of Hawaii.

According to Ty Warner, the goal as the new owner is to extend and enhance the incredible beauty and amenities that define Las Ventanas today. "Anyone who has had the great privilege of experiencing Las Ventanas would likely say that it's impossible to improve upon perfection," said Ty Warner. "We look forward to continuing the resort's tremendous legacy and reputation, and perhaps achieving the impossible by bringing Las Ventanas to a greater level of distinction worthy of a six star classification." Ty Warner believes the essential component to achieving that goal is in Rosewood Hotels & Resorts' continued operation of the resort.

"Las Ventanas al Paraíso represents the pinnacle of international luxury resorts," said John Scott, CEO & President of Rosewood Hotels & Resorts. "With the commitment that Ty Warner has made to the luxury hotel industry and will be making to the Los Cabos property, we are confident that Las Ventanas will continue to raise the standard for all luxury resorts world wide."

"Our first priority is to maintain the high service standards that we have established, and for which Las Ventanas has won worldwide acclaim," Scott stated. "We are also excited that Mr. Warner is committed to investing in several service and facility additions that will position the property for continued success," he explained.

Las Ventanas, which was recently awarded Best International Resort by esteemed Andrew Harper's Hideaway and has won multiple accolades since 1997, is heralded for its world-class spa, unparalleled service, exquisite accommodations and superb dining. Dramatically located at the tip of Mexico 's Baja Peninsula , nestled on fine white sands along the sparkling-blue Sea of Cortez , Las Ventanas has set new standards for luxury and service in Latin America .

Las Ventanas features 61 exceptionally spacious suites with exquisite furnishings, breathtaking infinity-plunge pools, unique appointments hand-crafted by Mexican artisans, individual telescopes for stargazing, and magnificent panoramic views; a world-class spa known for its signature treatments derived from the Baja desert and an extensive menu of therapies from around the world; signature Baja-Mediterranean cuisine served at the resort's two world-class restaurants; a Tequila & Ceviche Bar and world-class golf at the exclusive and private Querencia Golf Course.  

Ty Warner is ranked by Forbes Magazine as the 30th wealthiest individual in the U.S. with a net worth of six billion. He is known for his generosity, most recently donating $6 million to the Andre Agassi Charitable Foundation for his underprivileged children's school in Las Vegas . He also completed the $8.1 million building fund for the Ty Warner Sea Center in Santa Barbara , California . Other charities benefiting from Ty Warner estimated $75 million in donations during the last five years include the American and International Red Crosses, the Elizabeth Glaser Pediatric Aids Foundation, the Ronald McDonald House and Agassi Foundation for At Risk Youth.

Amanda Miller
Nike Communications
35 East 21st, New York , NY 10010
Telephone: 646.654.3422
Facimile: 212.353.0175

Copyright © 2003. JTL Capital, LLC
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