RNS No 9948a
ST. JAMES BEACH HOTELS PLC
21st August 1997
                                                         

Not for release, publication or distribution in or into
the United States, Canada, Australia or Japan.


                 RECOMMENDED CASH OFFER
       BY CLOSE BROTHERS CORPORATE FINANCE LIMITED
                      ON BEHALF OF
                 ELEGANT HOTELS LIMITED
                           FOR
               ST. JAMES BEACH HOTELS PLC
                            
                  OFFER DOCUMENT POSTED

The Board of Elegant Hotels Limited announces that it has
today posted the offer document in respect of the
recommended cash offer, which was announced on 13 August
1997, to acquire all of the issued and to be issued share
capital of St. James Beach Hotels PLC.

Enquiries:

Close Brothers Corporate Finance      0171 426 4000
Limited
David Pusinelli                       

END
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