Kor Hotel Group Enters Luxury Market

. October 14, 2008

LOS ANGELES, CA, March 17, 2006. Los Angeles-based Kor Hotel Group is launching the phase-two sales campaign for its new Viceroy Anguilla Resort & Residences.

The resort project marks Kor's first overseas exportation of the Viceroy brand's signature design, luxurious amenities and service, as well as its first expansion into resorts with residential components. Construction of the project is set for completion in 2008. Last year's phase-one sales event in Anguilla achieved totals of nearly $175 million, reflecting the sale of 81 residential units.

Brad Korzen, CEO of Kor Hotel Group commented: "Given Kor's commitment to unparalleled standards in both the real estate and hotel arenas, Viceroy Anguilla is certain to be an exquisite representation of the residential resort concept. We anticipate this year's sales event to show equally successful results. The high demand demonstrates that US-based buyers share Kor's vision for luxurious residences in a beautiful environment like Anguilla."

"Viceroy Anguilla brings a whole new standard to the collection of residential resorts opening around the world," said IMI Resort Holdings CEO and Partner Mike Collins, who oversees the sales and marketing of the project. "Even in a destination like Anguilla, which is already known for incredibly high-end properties, Viceroy unequivocally stands out."

Situated on over 36 lush acres, with 3,200 feet of beachfront land along Barnes and Meads Bays, Viceroy Anguilla Resort & Residences is a superbly designed array of luxury homes comprised of individual villas, townhomes and low-rise resort residence buildings: 35 freestanding 4,300 to 6,000 square-foot villas of four bedrooms, each with is own private infinity pool, and 115 resort residences, each with its own heated plunge pool. Resort Residences will be offered as studio, one-, two-, and three-bedroom units ranging from 750 to 2,500 square feet each. In addition, a limited number of flexible floor plans will be offered for buyers wanting penthouses of up to 3,350 square feet.

A restaurant and lounge, complete with infinity pool, will offer fine dining and some of the most striking sunset views in the world. The resort will also feature a world-class, 12,000 square-foot spa and fitness center and an innovative Kids Club offering supervised activities such as tennis instruction, nature walks, fitness classes, and arts and crafts, as well as childcare services.

The beachfront Sea Sports Center will offer guests choice of a wide range of non-motorized water sports including sailing, windsurfing and snorkeling. Additional amenities include meeting rooms, sports courts, tennis courts and three swimming pools.

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