MIAMI - February 24, 2003 - The grand opening celebration of the first Jack Nicklaus Signature Golf Course in the Cancun area, designed exclusively for Palace Resorts, takes place today with a press conference and a special ceremony at the Moon Palace Golf Resort in Cancun, Mexico.

The festivities include a golf clinic and a golf demonstration by Jack Nicklaus, cocktail and grand opening parties, as well as a golf tournament.

Created to suit Moon Palace's clientele and harmonize with the tropical lushness of Cancun, this 7,165-yard, 72-par golf course features four sets of tees and is lined with native jungle vegetation, natural wetlands and bunkers that have been strategically placed. Highlights include: the signature hole, number 17; a 151-yard, par 3, that plays downwind to an island green; the sixth hole, a par 4 that plays 336 yards and is drivable, but has a carry over water; and the finishing hole, a strong par 4 that plays 446 yards.

All-inclusive packages at Moon Palace Golf 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.

All-inclusive golf packages include unlimited golf at the new Jack Nicklaus Signature Golf Course and at The Golf Club at Playacar, shared cart, all snacks and beverages, and round-trip transportation to both courses. All-inclusive golf packages are available to guests staying at Moon Palace Golf Resort, Sun Palace, Aventura Spa Palace, and Xpu-Há Palace. In addition to the all-inclusive golf package, individual rounds of golf may also be purchased.

Moon Palace Golf Resort features 2,031 luxurious rooms (most with ocean view) 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.

Palace Resorts is Mexico's best-kept secret, with six all-inclusive resorts in Cancun and the Riviera Maya. For information on any Palace Resorts vacation property, please call (800) 635-1836 in the United States and Canada, (34) 91-352-71-25 in Europe/Spain, and ( 52-998) 881-6088 in Mexico. Visit Palace Resorts on the Internet at www.palaceresorts.com .

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