FOR IMMEDIATE RELEASE

Ara Macao Resort and Marina - Belize Hosts Open House for Investors and Professional Major League Sports Teams

CHICAGO, June 20 /PRNewswire/ -- "Unlike a corporate sky box at major sporting venues, we chose to own a 3,500 square foot villa surrounded by water views of the Caribbean Sea and lagoons in the newest destination -- Belize, said Tom Brady, an early round investor in the project. "We plan to use it year round and share with family and friends." Corporate clients and professional sports teams now have an opportunity to own spacious waterfront villas or 2,500 sq ft condos with access to a private 300 slip marina, 18 hole golf course, pristine rain forest, and snorkeling reefs all within reach of the 582-acre master planned community called Ara Macao. Located on the unspoiled Placencia coastline, the resort and marina is accessible within a 5 hr flight from Los Angeles or Newark, 4 hrs from Chicago, 2 hrs from Houston and 1.5 Hours from Miami. Beginning June 20th, the Fairmont Chicago is hosting our open house to kick off the waiting list to ownership in the waterfront villas priced between $500,000 and $700,000 USD remarked Vince Minniti, a principal in the project.

Welcome to the Ara Macao Resort and Marina in Belize, the only English-speaking country in Central America. As of June 2007, one of the world's most exotic destinations is both reachable and affordable. On the shores of the Caribbean, Belize is an eco-paradise, known for its snorkeling, scuba diving, water sports and game fishing. The name Ara Macao is Latin for scarlet macaw and the Chicago based developer, ioVest, has created an 80 acre preserve for these endangered birds. The wildlife in Belize is breathtaking, especially in the Cockscomb Basin Jaguar preserve. Then there are many Mayan ruins, such as Caracol, up in the mountains waiting to be explored.

Ara Macao, the 582-acre planned community on the Placencia coastline, is the newest world-class resort in the Caribbean. The 5-star amenities include a Championship golf course, luxury hotel, condominiums, villas, full-service marina, designer swimming pools, soothing spas, a casino and gourmet restaurants. And, the price of a luxury second home in the guaranteed sunshine of Belize starts at under 500,000 USD.

Direct routes to Belize City, BZE make it easy to get to Ara Macao, where there is so much to offer, from exploring the barrier reef and boat tours up the Monkey River to game fishing trips. The turquoise water is sparkling with diving visibility up to 150 feet. As well as Francis Ford Coppola's famous Turtle Inn, there is freshly-made gelato at Tutti Frutti, the only authentic Italian ice cream parlor on the Placencia peninsula. For dining out under the stars, with warm breezes off the ocean, the Inn at Robert's Grove and Restaurant is a must.

The ioVest project is pledged to respect the delicate ecosystem and in May, 2007, the Ara Macao project received full support from the Belize government. Based on the success of Phase I, the Ara Macao Resort and Marina has launched a Charter Member program. This offers incentives to the next 50 purchasers for a limited time. "These new owners will enjoy a wonderful 5-day trip to Belize, including all transportation costs, most meals and a menu of excursions," says Chick Baruffi, Director of Operations and dive instructor. "Our sales office has seats for the first 10 couples who book with us."

"Our goal is to sell out this second phase within the next 60-90 days," according to Vince Minniti, a Principal of ioVest Development, LLC. "These early round purchasers are in a very nice position to own a piece of the Caribbean at very affordable prices in a strong real estate market. We have planned the resort with the Baby Boomers retirement in mind including elevators in all condo buildings as well as including a deeded parking garage space for convenience." Based on our close proximity to the US, we anticipate many athletes and their friends and families enjoying the Ara Macao resort and marina in private seclusion during the off-season.

More details:
Vince Minniti, Principal, ioVest Development, LLC, Developer
Phone: +1-630-364-2759 / +1-877-7-BELIZE in USA only
vincem@iovest.com

Tom Brady, President, The Destination Group, Sierra Madre, CA 91024 USA
Phone: +1-626-355-3471
tbrady@dgrp.com

Return to Press Releases