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Oct 16, 2007
Ocean Land Financing Announces Plans for New Oceanfront Resort Property in Pompano Beach, FL.

New Upscale Resort Will Encompass Two Hotel Properties,
Including a Four-Star Hilton Hotel

BOCA RATON, FL (October 16, 2007) – Ocean Land Financing, Ltd (OLF) today announced plans for an oceanfront resort property on a 6-acre parcel of land located at 1350 South Ocean Blvd., Pompano Beach, Florida.

The initial phase of the coveted parcel, bisected by South Ocean Blvd. (SR A1A), will be a 10-story, 264-guestroom four-star Hilton Hotel located oceanfront on the East side of A1A, with a subsequent phase to include a second hotel property on the West side of A1A on the Intracoastal Waterway.

The upscale Hilton Hotel will be angled to maximize the views of the beach and Atlantic Ocean, with every room boasting private balconies.

The new Hilton will also feature 200 feet of beachfront, a 3,200 square foot ocean front restaurant with a covered dining terrace. The pool and pool deck over looking the ocean, are served by a pool side bar and grill, thus creating a tropical resort setting.

A magnificent 6,500 square foot ballroom and accompanying 5,000 square feet of meeting facilities are sure to make the property one of the area’s most desirable for social as well as professional functions.
The parcel on the west side of A1A, fronting the Intracoastal Waterway, will feature a 28-slip marina, along with a second hotel containing 317 guestrooms. The hotel is as yet un-flagged.

The building will be located above a four-story parking podium with 910 valet parking spaces, sufficient parking to support the entire project, inclusive of the Hilton Hotel on the east side of A1A, and will contain a 5,500 square foot ballroom, 2,500 square feet of meeting space, and a waterfront restaurant with a dining terrace.

The pool decks will be elevated above the parking deck and are designed to evoke a tropical resort atmosphere.

The Hilton on the east side of A1A and its sister property on the Intracoastal Waterway will be connected by two bridges spanning over A1A, one air-conditioned and the other open air.

“We are delighted to be teaming up with a hotel operator of such renown for our project,” says Mark Issenman, Senior Vice President of Ocean Land Investments. “The Pompano Beach Resort will undoubtedly be one of the area’s most amenity-rich properties. We are bringing the construction elements of a high-end resort to our four-star hotel, making for an unbeatable guest experience.”

“This is an ideal resort property,” adds Jean Francois Roy, President of Ocean Land Financing. “There are simply very few oceanfront parcels of this magnitude remaining in South Florida. It’s an opportunity to bring a truly special resort property to Pompano Beach.”

“One of our key development criteria includes ensuring a harmonious relationship with our neighbors as well as revitalizing and bettering any area in which our projects are located,” notes Roy. “I am confident we have met these goals with this project.”

The project will offer a seamless transition between the contemporary and clean lines of the building exterior by Nichols, Brosch, Wurst, Wolfe & Associates, Inc., and the modern, high-end interiors that are to be designed by DiLeonardo International, Inc. NBWW, the nationally acclaimed Coral Gables-based architects, has been involved in the design and planning of more than $3 billion dollars in new construction and renovations.

The Hilton Hotel is scheduled to break ground in February 2008, with a 20-month construction window.

About Ocean Land
Boca Raton-based Ocean Land is one of the largest owners of oceanfront and waterfront parcels within the tri-county area of South Florida. Founded by Jean Francois Roy, Ocean Land either serves as land-owner and developer, or obtains the required approvals for redevelopment and provides the necessary equity for a developer to obtain a construction loan and market a project. The company has been, or is currently engaged with renowned development organizations such as the Trump Organization, The Related Group, and Catalfumo Construction & Development, among others.