Bahia Mar, Marine Industries Association of South Florida, Yachting Promotions, Inc. Sign Multi-Year Agreement for Fort Lauderdale International Boat Show(R).

FORT LAUDERDALE, Fla. -- Bahia Mar Beach Resort and Yachting Center announced today that it has entered into a 10 year agreement with Yachting Promotions, Inc., producer of the Fort Lauderdale International Boat Show(R) and the Marine Industries Association of South Florida (MIASF), owner of the Boat Show. Bahia Mar is one of the properties in the LXR Luxury Resorts (LXR) collection.

The agreement ensures that the Boat Show will remain at Bahia Mar in the coming years. The Fort Lauderdale International Boat Show is a favorite venue among marine enthusiasts, and has been a signature event in the City of Fort Lauderdale for 46 years.

The lease agreement for the Bahia Mar facility establishes a relationship among Bahia Mar, Yachting Promotions, Inc, and MIASF to maintain the show at Bahia Mar while the resort is improved and redeveloped.

"This agreement will create a fine home for the Boat Show," said Kaye Pearson, president of Yachting Promotions, Inc. "We look forward to many years of producing the world's largest boat show at Bahia Mar and we are excited about the renaissance of this landmark hotel and resort."

Bahia Mar will be restored to a level of quality expected on Fort Lauderdale Beach today. The "jewel" of the beach will be polished to become a destination for visitors and local residents to enjoy.

"Securing the Bahia Mar site for the Boat Show is an important step in protecting the over $600 million economic impact and thousands of jobs the show brings to our community each year," said Kristina Hebert, president of MIASF.

As the site is redeveloped, the owners and producers of the Boat Show will be involved in the process. The lease agreement calls for the Boat Show to be a participant in the improvements to Bahia Mar. The new look to the property will include features that specifically enhance the production of the Boat Show, and create a better experience for exhibitors and attendees.

"We are considering this event in every aspect of our redevelopment plan," said Russ Flicker, president of development for LXR. "Our goal is to make the Boat Show better for exhibitors and all who attend the show. When the new Bahia Mar is complete, the site will be a desired destination for boaters and the community. With extensive public space included, our concept of a marine village will provide appeal year-round."

About the Fort Lauderdale International Boat Show

The Fort Lauderdale International Boat Show is the world's largest boat show highlighting more than 1.6 billion dollars worth of boats, yachts, superyachts, electronics, engines and thousands of accessories from every major marine manufacturer and builder worldwide. The event features the largest gathering of superyachts in the world and encompasses more than 3 million square feet of space, both on land and in water, at six sites. All locations are connected by the Show Transportation Network.

About the Marine Industries Association of South Florida

The MIASF is a not-for-profit marine trade organization created to promote and protect the sound growth of the marine industry in South Florida for the benefit and education of its members, the community and the environment.

About Bahia Mar Beach Resort & Yachting Center

With spectacular views of the Atlantic Ocean and Intracoastal Waterway, the Bahia Mar Beach Resort & Yachting Center is a 44-acre waterfront resort set amongst miles of scenic canals and sun-splashed beaches. Fort Lauderdale is considered the yachting capital of the world, and for over 50 years the resort's 40-acre Yachting Center has been the ultimate home for the world's finest yachts and the most demanding yachtsmen, consisting of 255 floating slips, more than four miles of state-of-the-art dockage, and 100 mega-yacht berths, more than any other marina in Florida, accommodating vessels up to 250 feet. The 294-room resort offers convenient access to the shops, galleries and entertainment of famed Las Olas Boulevard as well as oceanfront dining, water sports and world-class golf. Bahia Mar Beach Resort is convenient to the downtown business district, convention center and just minutes from Fort Lauderdale/Hollywood International Airport.

LXR Luxury Resorts

LXR Luxury Resorts, a portfolio of independent properties distinguished by a style and spirit that captures the unique qualities of their setting, are located throughout the United States and the Caribbean. The LXR collection also includes the renowned Golden Door Spa brand.