Manage the Tides Hotel, South Beach, Miami
|LOS ANGELES - Nov. 16, 2004 -- Kor Hotel Group, the Los Angeles-based
luxury hotel operator, will bring its innovative style and exceptional
service to Tides hotel in Miami Beach, Florida, following an agreement
signed with The Falor Companies, owners of the newly acquired historic
Kor Hotel Group is well known for successfully positioning distinctive destination hotels that combine progressive design and elegance with dedicated attention to personalized service.
"We look forward to developing Kor's signature style and quality service standards at Tides," said John Arnett, president of Kor Hotel Group. "The property's historic elegance and stylish location complements Kor's boutique collection and will be a strong addition to our portfolio."
Kor Hotel Group's new enhancements at Tides will include its luxury amenities and distinctive, personalized services, as well as the implementation of Kor's centralized reservations.
Tides is Kor Hotel Group's first property outside of California, where the company's current signature boutique hotel collection includes Viceroy Santa Monica, Viceroy Palm Springs & Estrella Spa, Avalon Hotel and Maison 140 in Beverly Hills.
"Discriminating travelers seeking a more personalized hotel experience have come to know Kor as a hotel operator skilled at providing guests with a feeling of home at their distinctive properties," said Robert Falor, president and CEO of The Falor Companies. "We look forward to Kor extending its proven hospitality formula in Miami."
Originally debuted in 1936, Tides is an elegant art deco boutique hotel located on Ocean Drive featuring 45 deluxe rooms and suites each with ocean views. A 2,600 square-foot penthouse showcases a 360-degree view of Miami and the ocean. The hotel also features a destination restaurant and a pool with cabanas. It is located at 1220 Ocean Drive Avenue, Miami Beach, Florida.
Kor Hotel Group officially assumes management of Tides on November 15.
The KOR Group is a privately held real estate development and management firm with investments primarily in hotels and multi-family real estate. 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 contracts. KOR Hotel Group's properties include Avalon Hotel and Maison 140 in Beverly Hills, Viceroy Santa Monica and Viceroy Palm Springs, Tides in Miami, Chamberlain (opening in West Hollywood early 2005), Delfina Santa Monica and Gateway LAX.
The KOR Group
|Also See:||The Falor Companies Acquiring The Tides Hotel on Miami's South Beach; Will Convert into a Condominium-hotel / August 2004|
|Falor Companies Completes $12 million Renovation the 243 room Read House; The 78 Year Old Chattanooga Hotel Will be Branded Sheraton / October 2004|
|Kimpton Hotels & Restaurants Appointed to Manage the Mayfair House Hotel in Coconut Grove, Florida by Colony Capital, LLC and The Falor Companies / October 2004|
|The Falor Companies Positions Itself Quickly as a Leader in the Condo-hotel Industry; Will Close $1.2 billion in Hotel Acquisitions by the End of 2005 / October 2004|