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MOON PALACE GOLF & SPA RESORT HOSTS THE 46 TH MEXICAN OPEN,
PART OF THE AMERICAN EXPRESS TOUR DE LAS AMERICAS

Colombian Golfer Eduardo Herrera Wins the Open

MIAMI - December 19, 2003 - Moon Palace Golf & Spa Resort in Cancun recently hosted the 46 th Mexican Open, part of the 2003 American Express Tour de Las Americas, on December 11-14, 2003. The tournament was televised to more than 120 million households on ESPN, CNBC and the Mexican television station TV Azteca.

Golfers from around the world were challenged at the recently-opened par 72, 7,201-yard Jack Nicklaus Signature Golf Course at Moon Palace. Colombia's Eduardo Herrera won the Open with a final round of 70 and a 10-under par 278 for the Open's four rounds. S econd place was shared by USA's Jeff Burns and Argentina's Eduardo Argiro who each finished one stroke behind the champion.

"The feedback from the players has been very positive; they enjoyed the golf course and its challenges. We are looking forward to hosting future golf tournaments at Moon Palace and are excited to be a part of Cancun's growing appeal as a golf destination," said Roberto Chapur, p resident of Palace Resorts.

One hundred and forty four tournament players were drawn from the PGA Tour, the Nationwide Tour, the Canadian Tour, the Asian Tour, the Champions Tour, the European Challenge Tour, and the Mexican national tour.

Proceeds exceeding $20,000 were donated thru the tournament's Pro-Am event to the Ven Conmigo and Heme Aqui Foundations, which assist children with special needs.

This is the first time the Tour de Las Americas takes place at the Jack Nicklaus Signature Golf Course at Moon Palace. The Tour de Las Americas is the only professional golf tournament covering the entire geographic region of South America, Central America, Mexico, and the Caribbean.

A ll-inclusive packages at Moon Palace Golf & Spa Resort include luxurious accommodations, taxes and gratuities, all meals and snacks, domestic and imported beverages, non-motorized water sports, nightly entertainment, and unlimited selected tours. Golf packages are also available.

Palace Resorts, the company that set the standard in five-star all-inclusive resort accommodations, offers six all-inclusive properties in Cancun and the Riviera Maya and one in St. Thomas, USVI. For information on any Palace Resorts vacation property, please call (800) 635-1836 in the United States and Canada, (34) 95-237-8518 in Europe/Spain, and (52-998) 881-6088 in Mexico. Visit Palace Resorts on the Internet at www.palaceresorts.com .

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