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Crescent Resources, LLC is a leader in real estate markets throughout southeastern and southwestern United States, establishing a wide range of developments from commercial properties to award-winning residential communities.

Crescent News

Travel + Leisure Names Crescent Resources’ Palmetto Bluff
 The #1 Resort in the U.S.

CHARLOTTE, N.C. – July 14, 2009 –CHARLOTTE, N.C. – July 14, 2009- Crescent Resources LLC proudly announces that The Inn at Palmetto Bluff, one of its most renowned developments, has been named the “#1 Resort in the U.S.” by Travel + Leisure in the magazine's 2009 World's Best Awards readers' survey. The announcement was made July 10 by Travel + Leisure editors on NBC’s TODAY show and will be featured in the August 2009 issue now available on newsstands and online at www.travelandleisure.com.

One of the most sought-after recognitions in the travel industry, Travel + Leisure's World’s Best Awards 2009 readers' survey ranked Palmetto Bluff the #1 resort in the United States and #14 on the list of top hotels in the world. Readers were asked to score hotels on rooms/facilities, location, service, restaurants/food and value.

“We are very proud to receive this prestigious award from Travel + Leisure,” said Andrew Hede, Chief Executive Officer of Crescent Resources. “I would like to thank all of our hard-working employees who have made this achievement possible. At Crescent Resources, our focus remains on continuing to do what we do best – to create, manage and sell first-class developments, communities and real estate. This award is further evidence of the exceptional quality of our communities and the high regard our residents and guests have for Crescent's developments."”

Palmetto Bluff, located midway between Hilton Head Island and Savannah, Ga., is the largest remaining waterfront property on the East coast and is evolving as a residential community and conservation preserve. It is characterized by extensive nature preserves, river access and walking trails, a vibrant Village center, an elegant inn and spa managed by Auberge Resorts, a Jack Nicklaus Signature golf course, and several residential neighborhoods ranging from multi-million dollar legacy family compounds to more traditionally sized, single family lots.
For more information please call 800-501-7405 or visit http://www.palmetto-bluff.com

About Crescent Resources
Crescent Resources, LLC, is a land management and real estate development company with interests in 10 states in the southeastern and southwestern United States. Based in Charlotte, Crescent Resources is a joint venture between Duke Energy and Morgan Stanley Real Estate Fund. Established in 1969, Crescent creates mixed-use developments, award-winning country club communities, single-family neighborhoods, apartment and condominium communities, Class A office space, business and industrial parks and shopping centers. Visit www.crescent-resources.com for more information.

Media Contacts
Chuck Burgess/Lex Suvanto
The Abernathy MacGregor Group
Ph: (212) 371-5999
Email: clb@abmac.com/lex@abmac.com