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Article: Kor Hotel Group Announces Definitive Agreement to Purchase Ikal del Mar Resort on Mexico's Mayan Riviera; Five-Star Resort Property Extends Kor Hotel Group's Growing Presence on Mexico's Yucatan Peninsula.
- Article from:
- Business Wire
- Article date:
- March 29, 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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LOS ANGELES -- 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.
"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 ...