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Wednesday, October 11, 2006

Andre Agassi Joins Steve Case AOL Co-Founder

Exclusive ResortsAndre Agassi tennis superstar of Las Vegas joins Steve Case, AOL co-founder, in developing a worldwide real estate project of multi-million dollar resort homes for luxury travel called Exclusive Resorts.

Andre Agassi and wife Steffi Graf will partner with Exclusive Resorts, luxury real estate club, to develop luxury tennis courts and additional resort sites that will add to the company's 38 worldwide locations.

The tennis couple have been Exclusive Resorts members for more than a year and on previous trips thought tennis and fitness training programs would add to the luxury real estate experience.

Steve Case invested in Exclusive Resorts luxury travel club in 2003. The company operates luxury vacation homes and estates available for up to 45 days annually to members who pay a one-time fee of as much as $425,000 and additional annual maintenance dues of up to $27,500.

Agassi, now consulting with his wife operates at Agassi Graf Development LLC from Las Vegas on the tennis and fitness programs had already switched to public-relations terms in discussing the Exclusive Resorts venture.

"I spent a lot of my time working to affect people for a few hours on the tennis court," Agassi said as he was waiting in Newark Liberty International Airport to board a flight back to his Las Vegas home. "It's the real lifestyle impact that's up my alley now."

Case, like anyone else who follows tennis, had heard about Agassi's impending retirement. He got word from Brent Handler, one of his partners at Exclusive Resorts, that Agassi and his business partner Perry Rogers were toying with the idea of doing more luxury resort real estate work.

Case invited Agassi to Washington in June, they went to dinner and the two hit it off. They worked out the details of the plan, which will involve a partnership on both new resort locations and development of the tennis courts.

"I think he has the opportunity to emerge as a lifestyle brand, much as Greg Norman was a great golfer who's now established himself in a lot of business ventures," said Case, the chairman of Exclusive Resorts, based in the District and Denver.

Agassi will be a senior adviser to Exclusive Resorts. Case said he has been impressed by Agassi's business sense. He founded the Pure nightclub, part of Caesars Palace Las Vegas. Source: Washington Post.

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Andre Agassi Las Vegan tennis star joins Steve Case, American Online co-founder, in real estate travel project Exclusive Resorts.

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