News & Announcements

San Diego, CA–Aug. 8, 2006–The fractional ownership sector of the hospitality and resort industry is growing by leaps and bounds, and one international developer is redefining the concept of luxury vacation living in Baja California.

Meridian Development Group, an international consortium comprised of real estate development, construction, financial and marketing experts, has introduced “The Meridian Club” fractional residence club at “Porto Hussong” resort and super yacht marina, scheduled to break ground in fall 2006 in the growing Baja California port city of Ensenada.

The landmark 16-acre Porto Hussong resort – developed in conjunction with the famed Hussong family of Ensenada – will feature 450 private oceanfront residential condominiums; a 46-suite hotel; private villas; upscale boutiques, cafes and restaurants and a state-of-the-art 250-slip marina to accommodate yachts up to 200’ in length. Porto Hussong will be located on the edge of Todos Santos Bay just an hour’s drive south of the International border at Tijuana.

The Meridian Club is a private member-owned residence club entitling members to a fractional purchase of one-tenth interest, which translates to five weeks of access per year,in one of the resort’s lavish three- to four-bedroom top floor and Penthouse condominiums ranging in size from 4,500 to 7,500 square feet. Prices for fractional ownership at Porto Hussong start at $230,000 to $300,000 and offer Meridian Club members a vacation home of the highest quality featuring personalized, impeccable service and upscale, elegant amenities: Studio Becker designer kitchens, walk-in closets and accessories; GE Monogram appliances; Henredon Furnishings; Panasonic High Definition flat screen TVs and more.

“At Porto Hussong, we are raising the standard for elegant, resort-style living in Baja California,” said MDG CEO Chris Merson. “The pristine quality of each Meridian Club fractional home, including premium amenities, personalized service and marina access, supersedes anything that is currently being offered in the region.”

A fractional ownership investment at Porto Hussong includes global exchange privileges and access to the exclusive Meridian Club 74’ Viking yacht. For their investment in Ensenada’s newest first-rate resort destination, Meridian Club members will gain Porto Hussong Yacht Club membership with corresponding access to a boat slip in the resort’s state-of-the-art marina. For an additional cost, members can also purchase fractional ownership in Porto Hussong’s opulent Sport Fisher yacht.

Members will be able to reserve their guaranteed time at The Meridian Club anytime and are not limited to a particular week or weeks. Club members will also receive an actual deed of ownership for their purchase which they can sell, if they choose, or pass on to their heirs -- ensuring an investment at Porto Hussong is, indeed, theirs.

MDG has announced it will partner with The Registry Collection www.theregistrycollection.com to offer The Meridian Club members the opportunity to exchange weeks with owners of other luxury, first-rate fractional homes at some of the world’s most desirable destinations offered exclusively to The Registry Collection members.

More about Porto Hussong, including purchase information, can be found at www.portohussong.com or by calling 866-212-1095.