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KOR HOTEL GROUP OPENS REGIONAL DEVELOPMENT OFFICES IN MEXICO, MIAMI AND DALLAS-FT. WORTH

- Area newcomer intensifies already successful expansion into regional markets -

May 2006 (Los Angeles) - 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.

“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, The Tides in Riviera Maya, Villa Del Sol in Zihuatanejo, Chamberlain in West Hollywood, Campton Place in San Francisco. 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 Mayan Riviera, Viceroy Riviera Maya 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.