Kor Hotel Group Opens Regional Development Offices in Playa Del Carmen.
Area Newcomer Intensifies Already Successful Expansion into Regional Markets.
Kor Hotel Group Opens Regional Development Offices in Mexico, Miami and
Dallas-Ft. Worth. Newcomer Intensifies Already Successful Expansion
into Regional Markets
Los Angeles-based Kor Hotel Group announces the opening of three
regional development and real estate sales offices, the first in Playa
del Carmen on Mexico's Riviera Maya, the second in Miami's South Beach
and the third in Dallas-Ft. Worth, Texas.
Serving to advance Kor's development, operations and real estate sales
and marketing efforts, these offices mark the next step in Kor's
ongoing national and overseas expansion-strategy within the burgeoning
industry of luxury resort-hotels with residential components. The
Dallas-Ft. Worth office headed by Mike Paneri, Vice President Hotel
Development, opened this week, and the Miami office, slated to open
summer 2006, will be headed by Jason Herthel, Vice President Project
Development and Assistant General Counsel.
"Kor believes that by developing an internal real estate development
and sales and marketing arm we can better serve our customers, and at
the same time maintain the firm's high standard of quality and
service," said Brad Korzen, CEO and President of The Kor Group.
"Operating regional offices in direct proximity to the key luxury
markets Kor is pursuing, Miami, Mexico and the Caribbean, will allow us
to do this most effectively."
Known for its hallmark combination of modern design elements,
top-quality amenities and outstanding service, Kor Hotel Group is
extending this distinctive vision to the three immensely popular luxury
destinations. In Mexico, Kor recognizes the escalating appeal of the
Riviera Maya, with its environmental beauty, prime beach location and
accessible luxury elements. Kor will debut two resort properties in the
region in 2008, Viceroy Riviera Maya Resort & Residences in the
eco-luxury resort destination Mayakoba and The Tides Playa del Carmen.
In Miami, Kor reaffirms the enduring sensation of this vibrant city
through two new projects set to open in 2008, Viceroy Icon Brickell in
Biscayne Bay and Viceroy South Beach, along with ongoing sales of the
renovated hotel-condo units in its newly purchased Tides Hotel in South
Beach. In the Caribbean, Kor's Viceroy Anguilla Resort &
Residences, scheduled to open in 2008, demonstrates an awareness of the
compelling allure of this island paradise.
About Kor Hotel Group
The Kor Group is a privately held real estate investment, development
and management firm that is redefining the concept of home with its
distinctive hotel and residential properties. Kor Hotel Group, the
hospitality division of Kor, holds a diverse property portfolio and
manages both its own assets and non-owned hotels under third-party
management agreements. Properties include Viceroy Santa Monica and
Viceroy Palm Springs, Avalon Hotel and Maison 140 in Beverly Hills, The
Tides in South Beach, Chamberlain in West Hollywood, The Jefferson in
Washington D.C., Campton Place in San Francisco and a forthcoming
property in Vancouver. A new Resorts & Residences division unites
Kor's hotel and residential expertise with ground-up broad-scale
projects both nationally and internationally. Currently under
development are two residential resort complexes in Miami, Viceroy Icon
Brickell and Viceroy South Beach, two on Mexico's Riviera Maya, Viceroy
Riviera Maya in the eco-luxury Mayakoba resort and The Tides Playa del
Carmen, as well as Kor's initial overseas venture, Viceroy Anguilla in
the British West Indies. A timely integration of Kor Hotel Group's
residential and hotel development visions, these projects represent the
next evolution of the Kor mission.
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