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Kor Hotel Group Acquiring the Ikal del Mar Resort
on Mexico's Mayan Riviera
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LOS ANGELES - March 29, 2006 -- Kor Hotel Group, the Los Angeles-based luxury hotel operator, brings its management finesse to the thriving, international milieu of Mexico's Mayan Riviera. Known for its signature fusion of progressive design elements, luxury amenities and impeccable service, Kor Hotel Group is to acquire the five-star Ikal del Mar resort located near the picturesque village of Xcalacoco on the Yucatan Peninsula, ten miles north of Playa Del Carmen. 
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"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. 

About Kor Hotel Group 
The Kor Group is a privately held real estate investment, development and management firm that is redefining the concept of home with its distinctive hotel and residential properties. 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 agreements. Properties include Viceroy Santa Monica and Viceroy Palm Springs, Avalon Hotel and Maison 140 in Beverly Hills, Tides in South Beach, Chamberlain in West Hollywood, The Jefferson in Washington D.C., Campton Place in San Francisco. A new Resorts & Residences division unites Kor's hotel and residential expertise with ground-up broad-scale projects both nationally and internationally. Currently under development are two residential resort complexes in Miami, Viceroy Icon Brickell and Viceroy South Beach, two on Mexico's Mayan Riviera, Viceroy Riviera Maya and The Tides Playa del Carmen, as well as Kor's initial overseas venture, Viceroy Anguilla in the British West Indies. A timely integration of Kor Hotel Group's residential and hotel development visions, these projects represent the next evolution of the Kor mission.

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Contact:

Kor Hotel Group 
Jennifer Dowd Giuliano, 323-930-3700 
jennifer.dowd@korhotelgroup.com 

Also See: Kor Hotel Group Acquires and Now Managing the 110 room Campton Place Hotel, San Francisco/ November 2005
Kor Hotel Group Appointed to Manage the Historic Jefferson Hotel in Washington, D.C. / July 2005


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