Article: The Victor Hotel Revitalized on South Beach's Famed Ocean Drive - A $48 Million Project; ZOM Development and Hyatt Hotels to Open Hotel in Fall 2003.

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MIAMI--(BUSINESS WIRE)--May 29, 2002

Orlando based ZOM Development, Inc. will break ground this week to restore and expand the historic Victor Hotel, located on Ocean Drive in the heart of Miami's vibrant South Beach. The new Victor Hotel will open to guests in Fall 2003.

The hotel will be owned and developed by ZOM, which recently completed the 35-story Waverly residential tower in South Beach and will be operated by Chicago based Hyatt Hotels ...

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