Kor Opens Regional Offices in Mexico, Miami and Dallas-Ft. Worth
Area newcomer intensifies already successful expansion into regional markets
LOS ANGELES, CA, May 4, 2006. 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. Already in operation since January 2006, Kor's Mexico office is headed by Jim Reilly, Director General. 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.
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