Kor Hotel Group in Mexican Expansion

. October 14, 2008

LOS ANGELES, CA, March 30, 2006. Los Angeles-based luxury hotel operator Kor Hotel Group is set to acquire the five-star Ikal del Mar resort on the Yucatan Peninsula.

"The Ikal del Mar resort will allow us to enhance our presence on Mexico's quickly-developing Mayan Riviera, an area characterized by increasingly high-end U.S. and foreign travel," said Brad Korzen, CEO of Kor Hotel Group. "The resort's close proximity to our upcoming Tides Playa del Carmen and Viceroy Riviera Maya Resort and Residence emphasizes even further the extent of our involvement in the region. This stunning property is an ideal addition to our growing portfolio of international hotels and resorts."

Touted as "a sexy, eco-conscious hideaway in the jungle" by Travel + Leisure, Ikal del Mar is situated on approximately six acres of Caribbean waterfront property and stands as one of the few boutique-scale, five-star luxury resorts on the Yucatan Peninsula. Intimate and serene, the resort's design respects and accentuates the pristine qualities of its dramatic jungle and seaside setting: accommodations are nestled deep within the rich foliage; dining is available both indoors and outdoors; and yoga classes and spa treatments overlook coastal splendor. Service of the highest-quality completes the resort's appeal to the most discriminating of guests.

Thirty stand-alone palapas embraced by lush jungle allow guests a level of privacy not found at other resorts of the area. Suites are luxurious and spacious, at over 650 square feet each, and equipped with plunge pools and secluded private terraces.

A comprehensive "jungle spa" features a beachfront yoga studio, Mayan Temazcal steam treatment cave and a retail boutique selling indigenous crafts and products. Area activities are abundant and include scuba diving, cenote diving, snorkeling, horseback riding, deep sea fishing and visits to the region's Mayan ruins.

Emblematic of Kor's presence on the Yucatan Peninsula, Ikal del Mar represents Kor Hotel Group's continued expansion throughout the Mayan Riviera and is part of its overall growth strategy nationally and internationally. Kor will debut two ground-up properties, Viceroy Riviera Maya in the Mayakoba resort complex and The Tides Playa del Carmen Resorts and Residences, in 2008.

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