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ESTRELLA DEL MAR DEVELOPER

At the end of 2003, Estrella del Mar ownership sold a 50% position to a new owner/managing partner that has taken control of operations and marketing. Management turned to Pat Butler, an American Developer, with extensive business and development experience in both the U.S. and Mexico.

Mr. Butler has held several prominent business positions including Vice President for Marriott Corporation, President and CEO of Coast to Coast Resorts, and President and CEO of Golf Card International.

In 1994, Mr. Butler broke from corporate America to pursue development opportunities in Baja, Mexico. Near the town of San Felipe, Mr. Butler acquired a resort development called El Dorado Ranch which at the time was just in its infancy. Over the next 10 years El Dorado Ranch would become one of the premier real estate developments in the state of Northern Baja, the largest employer in the area, and at the same time, set a new standard for environmental development.

In addition to becoming a solid business, El Dorado Ranch has become a role model for environmentally sustainable development. 17,500 acres of El Dorado Ranch's 35,000 acre development are designated "Green Space" to preserve the integrity of the surrounding environment. El Dorado Ranch can now lay claim to being the largest solar community in the North America. Further, El Dorado Ranch has pioneered straw bale home construction in Baja. In fact, the first straw bale home in Baja was constructed at El Dorado Ranch. And by promoting this ecologically friendly construction method, El Dorado Ranch can now boast of having more straw bale homes than any other community in North America.

In addition to El Dorado Ranch, Mr. Butler expanded and is currently developing a new seaside and golf course community, La Ventana del Mar. This 266-acre seaside community will consist of 750 home lots and over 300 condominiums. An 18-hole championship golf course has been recently completed and represents the only golf course in the area. And in keeping with Mr. Butler's commitment to the environment this development is also adhering to strict environmental and population guidelines to ensure a highly desirable living condition that has minimal ecological impact.

The golf course utilizes a special hybrid of grass "sea dwarf" paspalum, that allows the golf course to use water that is too salty for human or agricultural use thereby eliminating the need for depleting precious water resources. Further, any plants that had to be removed were done so by hand and transferred to a nursery.

As a result of Mr. Butler's strong business models and a desire to work in an environmentally friendly manner with his developments, El Dorado Ranch and La Ventana del Mar were recently recognized by the Mexican Government as being amongst the most outstanding real estate developments in the Baja.

Over the years Mr. Butler has assembled an international management team to assist in his endeavors. And now he brings his and his management teams' expertise to Estrella del Mar. We are very excited to welcome our new developer and the future looks brighter than ever. If you are interested in learning more special real estate opportunities, please click here.