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PALACE RESORTS ANNOUNCES THE GRAND OPENING OF THE SPA AT MOON PALACE GOLF & SPA RESORT

A new spa and golf vacation available at Moon Palace

MIAMI - April 29, 2004 - Palace Resorts has opened a new spa at Moon Palace Golf & Spa Resort (previously Moon Palace Golf Resort) in Cancun, Mexico. The new spa with more than 19,469 square feet coupled with the Jack Nicklaus Signature Golf Course that opened in November 2002, positions Moon Palace Golf & Spa Resort as a premier spa and golf vacation destination in Cancun.

"The new spa will cater to our already existing clientele of groups and meetings, golfers, families and honeymooners that will continue to enjoy Palace Resorts' leisure products variety" said Lourdes Rodriguez, Chief Operating Officer.

The new spa is located at the clubhouse of the Jack Nicklaus Signature Golf Course at Moon Palace and will offer over 50 spa treatments and 30 treatment rooms. Including a Private Spa Golden Suite with a private sauna, steam room, double Jacuzzi, dressing room, two spa treatment tables and golf view. Other treatment rooms include, three couple massage rooms with a golf lake view, six master spa suites for balneotherapy, and 20 massage and facial treatment rooms. Hydrotherapy facilities include whirlpool, contrast lagoon, herbal steam room, dry sauna with eucalyptus, pressure showers, hydro reflexology and deluxe personal care amenities.

Moon Palace Golf & Spa Resort features 2,031 luxurious rooms with double Jacuzzis, private balconies, in-room safes, individually controlled air conditioning, satellite TV, mini-bars, and some rooms are fully-equipped with data ports.

All-inclusive packages include luxurious accommodations, taxes and gratuities, all meals and snacks, alcoholic and non-alcoholic beverages, non-motorized water sports, nightly entertainment, and unlimited selected tours. Stay at one resort and enjoy all Palace Resorts properties in Mexico. Wedding and 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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