Kor Announces Senior Appointments at Viceroy Anguilla

Kor Hotel Group Appoints Key Management Positions in Preparation of the Launch of Viceroy Anguilla R

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. October 14, 2008

LOS ANGELES, CA, August 23, 2007. Nicholas Clayton, President of Kor Hotel Group, the Los Angeles-based hotel and real estate development firm known for its intuitive service, inspiring design, innovative culinary experiences and holistic wellness programs is pleased to announce three senior management appointments to the company's initial residential resort project in the Caribbean, Viceroy Anguilla Resort & Residences:

• Jan Tibaldi appointed General Manager

• Jeff David appointed Resort Manager

• Virgil Napier appointed Director of Sales & Marketing

'Each of these individuals represents a valuable addition to our opening management team,' said Clayton in making the announcement, 'as we prepare for our first overseas launch of the Viceroy brand.'

Viceroy Anguilla marks Kor's first international exportation of the Viceroy brand's signature fusion of glamorous style and provocative design. Situated on 35 verdant acres, with 3,000 feet of beachfront land along Barnes and Meads Bays, the residential resort is an exclusive enclave of luxury homes and amenities. Features include a bluff-top restaurant and a Jean-Michel Gathy-designed 14,000 square-foot spa. Ground-up construction of this premier residential resort property is scheduled for completion in 2008.

Jan Tibaldi: As General Manager for Viceroy Anguilla, Jan Tibaldi joins Kor Hotel Group with extensive experience managing five-star resort properties around the world. Most recently he was General Manager for the 60-acre, Five-Star One&Only Le Saint G'eran, the company's flagship property on the island of Mauritius near Madagascar, where he managed a staff of 650 in his oversight of the luxurious, 162-suite resort replete with Givenchy spa, an Alain Ducasse restaurant (among others), tennis and golf. Tibaldi joined One&Only Resorts in 2004 as Resident Manager at the company's Le Touessrok property, also on Mauritius, and was promoted to General Manager of One&Only Kanuhura Resort in the Maldives after just ten months. Within the next year, he was assigned to One&Only's best property, Le Saint G'eran, as General Manager. A native of Switzerland, Tibaldi holds a Swiss Federal Trade Diploma and a Culinary Arts Apprenticeship & Swiss Federal Chef's Diploma. He has also completed the Professional Development Program at Cornell University.

Jeff David: A talented veteran of the luxury hospitality industry, Jeff David brings to his position as Resort Manager a distinguished, 15-year career in the hospitality industry with tenures at a number of distinct high-end resort properties, including nine years with Four Seasons Hotels. Most recently, he was Resort Manager at the historic Chatham Bars Inn on Cape Cod, where he was instrumental in the hotel's 2006 acquisition and re-positioning by Richard Cohen, of Capital Properties. Prior to Chatham, David was General Manager of The Chanler, a historic boutique hotel in Newport, RI and of Ocean Edge Resort, the premier seaside property on Cape Cod. David also holds in-depth experience working in the Caribbean, including two years on Anguilla where he was Food & Beverage Director/ Operations Manager at the #1-rated Cap Juluca. During his tenure, he also assisted the Anguillan government with a variety of training initiatives for tourism. David holds a Bachelor of Fine Arts from UCLA, has been trained in Wine Stewardship at the Culinary Institute of America in the Napa Valley.

Virgil Napier: As Director of Sales and Marketing for Viceroy Anguilla, Virgil Napier brings to Kor a seven-year sales career with Ritz-Carlton Hotels & Resorts, most recently as Director of Sales for the AAA, Five-Diamond Ritz-Carlton Coconut Grove in Miami for two years. Under his direction, the resort significantly increased RevPar growth, transient sales, group revenues and catering revenues, for which he was awarded the Golden Circle and Chairman's Circle Awards in 2005 and the President's Award in 2006. Prior to his position at Coconut Grove, Napier was Associate Director of Sales at the AAA, Four-Diamond Ritz-Carlton St. Thomas for five years, where he functioned as the on-site acting Director of Sales reporting to the Area Director based on the US mainland. He also acted as liaison for the Travel Industry STAR program. Napier holds a Master's of Business Administration from Arizona State University, Phoenix, and a Bachelor's of Business Administration from the University of Miami, Coral Gables.