Waterstone Resorts & Vacation Homes Brings Luxury to Panama City Beach Five Resort Towers revitalize Panama City Beach, Florida

Panama City Beach, FL – April 18, 2007 – Waterstone Resorts & Vacation Homes (www.waterstoneresorts.com) brings luxury condominium hotels to the community of Panama City Beach, Florida. The Ocean Ritz, now open, joins Calypso Resort and Towers, Twin Palms, Emerald Isle, and Ocean Villa, bringing five new beachfront resort luxury properties to Panama City, Florida. Each condo unit is equivalent to a four-star hotel suite with washer/dryer, full kitchen and baths, multi bedrooms, full service daily housekeeping, and a large balcony overlooking the beach.

“Panama City Beach is fast becoming a preferred destination. New restaurants and shops are opening up each week, the weather is fantastic, and there is a lot to do including visiting the beaches and Frank Brown Sports Complex across the street. In the past twelve months we have exceeded all our expectations by selling each unit and renting them out for weekend, weeklong and month long stays. They include all the services and amenities of a high-priced hotel but at a terrific low rate – anywhere from $99 to $254 a night depending on seasonality and choice of resort tower,” describes Greg Herr, Director of Marketing at Waterstone Resorts.

Panama City Beach traditionally draws guests driving from Florida, Alabama, Georgia, and New Orleans. The introduction of Waterstone Resorts and its luxury resort and towers, available for vacation and ownership, is now drawing a broader market of visitors from Atlanta, New York, Dallas, Houston, Boston, and all over Canada. They come for family vacations, romantic getaways, and solace from the winter weather up north.

Waterstone Resorts currently offers a Family Spring Break Vacation rate with gulf front condominiums from $129 based on availability. Click here to view this latest promotion: http://www.waterstoneresort.com/panama_city_beach/familyspringbreak.htm. For reservations call: (800) 211-8906 or email: info@waterstoneresorts.com. For more information visit www.waterstoneresorts.com or contact Greg Herr, director of Marketing at Tel: (850) 269-5205 or by email gherr@waterstoneresorts.com.

About Waterstone Resorts
Waterstone Resorts & Vacation Homes operates condominium resorts and uniquely upscale resort homes on northwest Florida’s beautiful Emerald Coast. Calypso Resort & Towers, Emerald Isle, Ocean Villa and Twin Palms, in Panama City Beach, are the newest members of the collection of condominiums in Panama City Beach. Corporate offices for Waterstone Resorts & Vacation homes are located in Destin, Florida.