Cypress Equities, development affiliate of The Staubach Company, announced Wednesday the selection of luxury hotel operating company Montage Hotels & Resorts to manage Montage Royal Island Bahamas, an oceanfront destination resort. Montage also will provide exclusive residential services for the private island community under development on Royal Island. The 430-acre private island is 50 miles northeast of Nassau and 190 miles east of Miami. Montage Royal Island is slated to open in 2010 and will have 60 guest rooms and 23 suites, 76 oceanfront and marina villas, Spa Montage, four restaurants, a beach club, golf, tennis and other recreational amenities. Visit [www.royalislandbahamas.com]. (JP)