The Santa Barbara Plantation is a master planned mixed-use resort on the island of Curacao in the Southern Caribbean. The master planned luxury resort project is situated on the southeastern side of Curacao fronting on three bodies of water: the Caribbean Sea; the large inland bay known as Spanish Waters; and Fuikbaai, a Caribbean inlet protected by a coral reef. The Southern Caribbean is regarded as one of the last unspoiled, but accessible, tropical paradises remaining in the world. Curacao, with a population of approximately 150,000 and a land area of 171 square miles, is the largest and most populous island in the Netherlands Antilles. Curacao is 37 miles from the coast of Venezuela and is located between Aruba and Bonaire. It is a well-established port of call for cruise ships and with its natural port at Willemstad, it has become a major shipping hub in the Caribbean. Curacao lies outside the hurricane belt and generally is unaffected by hurricanes that frequent its Caribbean neighbors. Nearly constant northeast trade winds and low humidity provide mild year-round temperatures and a sunny, dry, tropical climate perfect for a wide range of recreational activities and a twelve-month vacation season. In addition to offering sun, sand and sea like Aruba and excellent diving like Bonaire, Curacao also provides various cultural, historical and ecological points of interest that appeal to upscale visitors. Island assets include the picturesque capital of Willemstad, a United Nations Heritage Site; a number of forts and plantation houses, some dating back to the 17th century; and ecological treasures, including the National Underwater Park, which is located directly offshore from the resort. The Santa Barbara Plantation site is 30 minutes from the Hato International Airport in a relatively undeveloped area of Curacao, adjacent to the most desirable residential communities and approximate to some of the Island’s best dive sites. The first phase of the master planned resort community at Santa Barbara Plantation includes the following: 350-room Hyatt Regency Hotel including restaurants, spa, meeting space, pool, tennis facilities, and retail shops; 18-hole championship golf course designed by Pete Dye, one of the top golf architects in the world; Marina located near the resort hotel with 10 slips for dive boats, water sports, charter fishing boats and tour boats. 29 condominium homes; 25 fractional share units; 110 residential lots; and 90 terrace homes Seru Boca Estates, an exclusive residential community consisting of 45 estate lots, and Seru Boca Marina, a 120 slip marina located on Spanish Waters, have been developed and are part of the first phase of master planned development. As the first phase of the resort operations stabilize along with the absorption of the residential units, additional phases of the project will be developed. These future phases will include an additional 18-hole golf course, hotel rooms, a large commercial marina with up to 400 slips, condominium/vacation ownership units and residential lots. A state-of-art telecommunications system is being developed to provide the latest convenience for hotel guests and the residents at Santa Barbara Plantation. Services being provided to the project include residential and commercial telephone services with voice mail, high speed internet access, cable television and an international carrier gateway.