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Article: Kor Hotel Group Acquires Iconic Tides Hotel in South Beach, Florida; Southern-California Based Kor to Impart Celebrated Style and Personalized Service as New Owners of Landmark Property in Miami.
- Article from:
- Business Wire
- Article date:
- March 23, 2006
CopyrightCOPYRIGHT 2006 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MIAMI -- Kor Hotel Group, the Los Angeles-based luxury hotel operator, has purchased the historic art-deco Tides Hotel in South Beach, Florida. Kor has overseen management of the property since November 2004. Under its new ownership the historic gem is set to re-emerge as an upscale condo-hotel complex that blends classic art-deco with a newly-infused contemporary aesthetic.
"This purchase is particularly significant for Kor as we always felt that Tides would make a great addition to our collection of owned hotels and would be an ideal brand to grow," said Brad Korzen, CEO of Kor Hotel Group. "The Tides' undeniable elegance and stylish location make it ideal for ...