Eleuthera, Bahamas - (03/05/07) - Cotton Bay Estates & Villas, Starwood's first Luxury Collection property in the Bahamas, and Bahamian diving company Ocean Fox recently opened the first full-service dive shop on South Eleuthera in more than 30 years. Open to the public, Ocean Fox at Cotton Bay offers first-class scuba diving, snorkeling and deep sea fishing for all skill levels at Cotton Bay's private marina, Davis Harbour.

Services include dive trips to the South Eleuthera wall, one of the most impressive wall diving areas in the Bahamas; certification programs; and classes teaching scuba diving, digital underwater photography, deep diving, drift diving and more. Snorkelers can take advantage of expert-guided excursions to shallow reef systems. Ocean Fox at Cotton Bay offers half-day and full-day chartered fishing trips, including all bait and tackle, a fishing captain and a mate. Digital underwater camera rentals, image-processing services and equipment sales, clothing and souvenir items are also available. Pricing for diving starts at $80, fishing trips start at $750 and chartered boats start at $550.

Opening in fall 2007, Cotton Bay is the first Bahamian resort to work with the Audubon International Signature Program to preserve the island environment. Prospective buyers may purchase an estate lot to build a custom dream home, buy a hotel villa or vacation as a guest at The Luxury Collection boutique hotel.

Designed by Paula Fox of Paula Fox Interiors and inspired by Eleuthera's natural vegetation and pristine beaches, two- and three-bedroom villas surround Cotton Bay's clubhouse, complete with tennis, swimming, a fitness center, retail, a restaurant and a lounge. Situated on a lake, one-bedroom Zen Suites allow residents to relax with their feet in the water while lounging on their patios. Additional luxurious amenities at Cotton Bay will include two private cays, private beaches and professional property management.

For more information on Ocean Fox or to schedule a fishing trip, please visit http://www.oceanfoxcottonbay.com/index.html.

To contact the Cotton Bay sales office, please call 954.771.7176/800.255.4539/242 334 2826 or visit www.cottonbayeleuthera.com.

_Cotton Bay Estates & Villas Limited: The Corporate Parent of Cotton Bay Estates & Villas Limited (CBEVL) is Eleuthera Properties Limited, which is the direct corporate successor to South Eleuthera Properties Ltd., the initial developer for the Cotton Bay Club in the 1950s under the leadership of Juan Trippe and Arthur Vining Davis. The mission of CBEVL is to create a five-star destination resort with a distinct Bahamian presence and identity. CBEVL is chaired by Bahamian businessman Franklyn R. Wilson, CMG, and investors include Royal Star Insurance and the Royal Bank of Canada. For more information, please visit www.cottonbayeleuthera.com.

Starwood Hotels & Resorts Worldwide, Inc. has been engaged by the developer to operate the hotel and is one of the leading hotel and leisure companies in the world with approximately 850 properties in more than 95 countries and 145,000 employees at its owned and managed properties. Starwood® Hotels is a fully integrated owner, operator and franchisor of hotels and resorts with the following internationally renowned brands: St. Regis®, The Luxury Collection®, Sheraton®, Westin®, Four Points® by Sheraton, W®, Le Meridien® and the recently announced aloftSM and ELEMENTSM Hotels. Starwood Hotels also owns Starwood Vacation Ownership, Inc., one of the premier developers and operators of high quality vacation interval ownership resorts. For more information, please visit www.starwoodhotels.com._