Miami, FL, February 25, 2008 - Palace Resorts, the company that set the standard in five-star, all-inclusive resort accommodations, is pleased to announce that Vallarta Palace, Palace Resorts’ first venture onto the Pacific coastline of Mexico, was recently awarded the prestigious AAA Four Diamond Award for 2008. This is the second consecutive year that Vallarta Palace has enjoyed the honor of being counted among the select group of AAA Four Diamond winners.

“This is a great distinction for Vallarta Palace to be recognized for a second year with such a prestigious award,” commented Roberto Chapur, President of Palace Resorts. “Throughout the Palace Resorts line of all-inclusive properties we make it a point to offer all of our guests superior personal service and first-class amenities. To receive an award for what we have always prided ourselves on is a wonderful tribute.”

Vallarta Palace is pleased to be the only Four Diamond rated, all-inclusive hotel in Nuevo Vallarta. It is also honored to be among the select group of AAA Four Diamond Award winners that for 2008 represent only 3.2% of the 60,000 AAA Diamond Rated lodgings and restaurants that have received this prestigious designation. Furthermore, Four Diamond lodgings account for just 3.6% of the more than 32,000 AAA Rated® lodgings.

AAA’s Diamond Rating System is the only ratings system that covers all of North America and one of only two that conduct physical, on-site evaluations. It is the only system that uses full-time, professionally trained evaluators to inspect each property on an annual basis using a set of guidelines that are made available to all establishments.

AAA rates more properties than any other rating entity and AAA considers and investigates member feedback during reviews, but does not depend on guest opinions to derive a rating. In addition, AAA provides travelers the opportunity to post comments about their experiences at AAA Approved establishments. For more information on the AAA Diamond system, guests can visit AAA on the Internet at AAA.com and access complete Diamond Award lists and information at AAA.com/Diamonds.

In an area of natural appeal Vallarta Palace rises as a beautiful resort destination. This escape, with its gorgeous beachfront setting, where tradition and modern design come together, marvels travelers, who are mesmerized by its opulence and incredible views. This one-of-a-kind resort will certainly please honeymooners, families and savvy vacationers who recognize the great value of this all-inclusive property.

Vallarta Palace, situated on the beautiful beaches of Bahia de Banderas in the heart of Nuevo Vallarta, with its 348 Superior Deluxe guest rooms, most with a spectacular ocean view, features double Jacuzzis, a turndown service and 24-hour room service. This all-inclusive resort, located in a quaint Colonial fishing village adorned with cobble-stone streets, terra-cotta tile roofs and colorful stucco walls, is the place to indulge and enjoy incredible golf courses, deep-sea fishing, snorkeling, sailing, horseback riding and world-class shopping.

Kids will be entertained at our newly renovated Kid’s Club with supervised activities. Dine at any of our four fabulous restaurants, enjoy a treat at our snack bar, or relax at any of our three stylish bars. The experience will be gastronomic, as well as luxurious and fun.