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Kor Hotel Group Developing the Viceroy Anguilla Resort
and Residences on 27 Acres of Beachfront Land
on Anguilla, British West Indies

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LOS ANGELES - March 24, 2005 -- Kor Hotel Group, the Los Angeles-based luxury hotel operator, brings its distinctive design, exceptional service and keen brand of hospitality to the Caribbean with the creation of Viceroy Anguilla Resort and Residences. Ground-up construction of this premier residential resort property, stretching along Barnes Bay and Meads Bay on the island of Anguilla in the British West Indies, is scheduled for completion before year-end 2007. The exclusive Caribbean resort property will ultimately be home to an unsurpassed collection of luxury accommodations offered for sale and as vacation rentals. Owners and guests will enjoy full resort privileges, including spa and restaurant access, concierge services, a wealth of recreational amenities, as well as daily house keeping and room services.

On more than 27 acres of beachfront land will rise an innovative, stylish and superbly designed array of luxury homes comprised of freestanding villas and low-rise resort residence buildings. The bluff-top 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, 8,000 square-foot spa appointed with outdoor treatment rooms with unobstructed ocean views. Additional amenities include meeting rooms, a fitness center, sports courts, tennis courts, two swimming pools and a beach activity pavilion.
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Barnes Bay
Anguilla. British West Indies
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Kor Innovation on its First Island Destination

A destination unto itself, Viceroy Anguilla will export the luxurious design and service hallmarks that distinguish Kor's flagship Viceroy Santa Monica and Palm Springs properties. It will also establish Kor Hotel Group as a leader in the new trend of upscale hotels with residential components.

"With Kor's extensive experience in both the real estate and hotel arenas, a residential resort is the next natural step for us," said Brad Korzen, CEO of Kor Hotel Group. "We're excited to be setting up a luxury retreat on Anguilla, an island whose cache as one of the most inviting destinations in the Caribbean keeps it at the top of the list for savvy travelers. With its superb location along both Barnes and Meads Bays, Viceroy Anguilla Resort and Residences will be an exquisite rendition of the residential resort concept, as well as an incomparable luxury addition to the island."

Viceroy Signature Style

With sophisticated interiors by Kelly Wearstler of kwid, the designer behind all Viceroy properties to date, Viceroy Anguilla will radiate a relaxed chic sensibility. The resort will feature 31 freestanding 4,300 to 6,000 square-foot villas of three-to-five bedrooms, each with is own private infinity pool, and approximately 100 resort residences, each with its own heated plunge pool. Resort Residences will be offered as studio, one-, two-, and three-bedroom units ranging from 500 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 4,500 square feet.

The 27-acre-plus resort property will boast more than 2,000 feet of frontage on Barnes Bay, including rocky outcroppings, 1,000 feet of white-sand beach, footpaths and tropical foliage throughout. The resort's beachfront also extends along Meads Bay, which stretches a full mile and is an ideal spot for relaxing on pristine sands by the azure sea. Amid a family-friendly environment, kids will not only delight in the resort's beachfront, pools and water sports, but will also have the run of an innovative Kids Club offering supervised activities such as tennis instruction, nature walks, fitness classes, and arts and crafts. Childcare services will also be available through the Kids Club.

Viceroy Anguilla's beach-front Sea Sports Center will offer guests choice of a wide range of non-motorized water sports including sailing, windsurfing, snorkeling and scuba diving. The resort will also boast a luxury yacht imbued with Kelly Wearstler's distinctive Viceroy style, sophistication and glamour from stem to stern. The yacht, which will be docked at the resort year-round, will be available for sunset cruises, deep-sea fishing excursions and tours of neighboring islands.

Kor Selects Renowned Luxury Development Team

Kor Hotel Group has assembled a premier team of sought-after professionals to ensure Viceroy Anguilla's real-estate success, while creating a strong sense of place for vacation homeowners and hotel guests seeking a truly exclusive luxury experience.

Kelly Wearstler, founder of the Los Angeles-based architectural interior design firm kwid (Kelly Wearstler Interior Design) and the imaginative eye behind the signature style of the luxury Viceroy hotel collection, is the creator of the Viceroy Anguilla's sophisticated and contemporary design. 

Wimberly Allison Tong & Goo (WATG), a foremost international design consultant for hospitality, leisure and mixed-use entertainment developments, will direct architecture for the resort. 

Landscape development will be undertaken by George W. Girvin Associates, Inc., a firm specializing in creating environments for people to experience and enjoy while protecting, preserving and enhancing the beauty and substance of natural surroundings. 

Sales and marketing of Viceroy Anguilla's residential component is being overseen by IMI Resort Holdings, a leader in the luxury real estate industry that has represented some of the most-recognized communities throughout North America and the Caribbean. 

Hilgendorf Corporation, an architect-based design-build firm specializing in precisely crafted, technically demanding projects, will oversee construction.

Supreme Seaside Surroundings

The island of Anguilla is the Caribbean's most exclusive island making it the perfect location for Kor Hotel Group's newest luxury endeavor. In addition to its blissful climate, dramatic tropical landscape, surrounding Caribbean and Atlantic waters, and easy access from St. Martin/St. Maarten, the island enjoys a reputation as a first-rate tropical getaway that draws upscale clientele. In reaction to growing attractions for the elite traveler, including the annual yacht-racing calendar, the Anguilla Airport has extended its runway and now has the capability of handling larger planes and private jets.

About Kor Hotel Group

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 agreements. Kor Hotel Group's properties include Avalon Hotel and Maison 140 in Beverly Hills, Viceroy Santa Monica and Viceroy Palm Springs, Breakwater and Tides in South Beach, Hotel Blake and Aldens in Chicago, the forthcoming Chamberlain, opening in West Hollywood Spring 2005, Viceroy Anguilla Resort and Residences and Viceroy Mayakoba debuting 2007.

Contact:
Kor Hotel Group
http://www.korhotelgroup.com/
Also See: Sonnenblick-Eichner Company Arranges Financing for $130 million Caribbean Resort / December 2004
Eustace Guishard Named Anguilla's Hotelier of the Year / Dec 2002


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