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CLUB MED IS OFF TO CHINA -- NEW VILLAGE ON THE ISLAND OF HAINAN SCHEDULED TO OPEN IN 1995 --

 NEW YORK, June 11 /PRNewswire/ -- Club Med, in conjunction with Sanya Luhuoltu Tourist Area Development Corporation, is planning a new luxurious village in the People's Republic of China to open in 1995.
 The village will be located on the island of Hainan in the China Sea, off the coast of Guangdong province in southeastern China. This will be Club Med's first vacation village in China, although the Club managed a villa (inn) for several years situated on the grounds of the Imperial Summer Palace in Beijing.
 The village-resort, to be known as "Sanya," will be built in the southern section of Hainan Island which enjoys a sunny, tropical year-round climate. The site has a fine beach, bordered by a lush palm grove, where a variety of water sports will be offered.
 Sanya will be built as part of the Club's luxury product line appealing to an upscale clientele and will reflect in its architecture the timeless beauty of this ancient country. The complex will include accommodations for 700 guests, several restaurants, a theater, convention and meeting facilities, along with an 18-hole golf course, marina and casino. With its high level of comfort and wide selection of activities and sports, the village is expected to attract vacationers from Southeast Asia, Japan, America, Europe, as well as overseas Chinese, the local and business community.
 The project will be a joint undertaking with the Sanya Corporation, a subsidiary of Hua Yin International Trust Investment Corporation, one of China's largest financial corporations and a founding member of the Shanghai Stock Exchange. Its majority stockholder is the Beijing Branch of the Bank of China.
 Club Med will be responsible for the technical development, management, operations and international sales and marketing for the resort. The Sanya Corporation will finance all investments. A joint marketing company will be formed by the two companies to develop local sales offices in Beijing, Shanghai, Canton and Shenzen at a later date.
 Currently teams from both Sanya Corporation and Club Med are working together to create a detailed specifications book, and a Chinese architect will soon be selected from among the country's most talented.
 The joint venture will be the vehicle for future expansion to important touristic sites in China, the country with the fastest growth of tourism in Asia.
 -0- 6/11/93
 /CONTACT: Edwina R. Arnold of Club Med, Inc., 212-977-2170/
 (CMI)


CO: Club Med, Inc. ST: New York IN: LEI SU:

TS-OS -- NY040 -- 1086 06/11/93 13:06 EST
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Date:Jun 11, 1993
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