Las Colinas de Marbella Selects Hines as Development Manager for Mandarin Oriental Resort in Marbella, Spain

(MARBELLA, SPAIN) – The Marbella office ofHines, the international real estate firm, announced today that it has been chosen by Las Colinas de Marbella SA as the development manager for a resort project operated by the Mandarin Oriental Hotel Group in Benahavis, Málaga.

The resort, owned by the real estate company Las Colinas de Marbella, whose chairman is Mr Habib Bou-Habib, will include: a 153-room, three-story hotel; an exceptional spa of approximately 29,000 square feet; a conference center; and a beach club.

The development will also have a residential component of 15 villas and 40 apartments.

Construction will begin in 2008, with completion expected in 2010.

Gabriel Allende is the architect. LTW Design Works from Singapore is designing the hotel’s interior spaces, while Rockwell Group Europe from Madrid is designing the residences.

Mandarin Oriental Group has a total portfolio of 20 properties already open and 19 under construction in Asia, the U.S., the Caribbean, Europe and Morocco.

Hines opened its Marbella office in 2005. Currently, in Marbella, the firm has 169 apartments under construction and another 220 in the planning stages in Altos de los Monteros. The office is responsible for all developments in Southern Spain.

Hines is a privately owned real estate firm involved in real estate investment, development and property management worldwide. The Hines portfolio of projects underway, completed, acquired and managed for third parties includes more than 1,000 properties representing approximately 416 million square feet of office, residential, mixed-use, industrial, hotel, medical, retail and sports facilities, as well as large, master-planned communities and land developments.

With offices in 68 U.S. cities and 15 foreign countries, and controlled assets valued at approximately $19.9 billion, Hines is one of the largest real estate organizations in the world. Visit www.hines.com for more information.