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KOR Group Moves Its International HQs Downtown

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[Kor's Viceroy, so far away in Santa Monica]

Kor Group's (Eastern Columbia, Barker Block, Viceroy) global domination of downtown Los Angeles is complete with the news that they've moved their international headquarters to Flower St. "This location provides accessibility to all of Los Angeles," says CEO Brad Korzen in a presser. Formerly located at 5750 Wilshire, the company purchased the building at 1212 Flower and moved about two weeks ago.

The Kor Group Relocates International Headquarters to Downtown Los Angeles

Eastern Columbia

Tides South Beach

Tides Riviera Maya

Viceroy Anguilla

Viceroy Santa Monica

Contact:
Daniel Guerrero
Kor Hotel Group

THE KOR GROUP RELOCATES INTERNATIONAL HEADQUARTERS TO DOWNTOWN LOS ANGELES

Flourishing real estate investment and hotel management company moves to prominent new location in advance of its growth in 2008 and beyond

January 30, 2008 (Los Angeles) - The Kor Group, the Los Angeles-based real estate investment and hotel management firm, announces the relocation of its international headquarters to 1212 South Flower Street, in downtown Los Angeles. The company's new headquarters provide the growing organization with a cohesive space for its corporate offices while facilitating its global expansion and foothold in the Los Angeles community.

"We are proud to expand our presence in thriving downtown Los Angeles and believe that by relocating we set an important platform to expand and promote our portfolio internationally," said Brad Korzen, CEO and founder of The Kor Group. "This location provides accessibility to all of Los Angeles, specifically a dynamic area to which our company has always been committed."

With an already established presence in downtown Los Angeles through its real estate developments, Eastern Columbia, Barker Block and Pegasus, Kor now retains a centralized location housing The Kor Group and its divisions, Kor Hotel Group and Kor Realty Group. Kor's central reservations office, a vital component to Kor Hotel Group's growing success and hotel management expertise, will be located at the new headquarters, as well.

The Kor Group's new headquarters are located at 1212 South Flower Street, between West 12th Street and Pico Blvd., directly across from the Staples Center and the Los Angeles Convention Center.

About The Kor Group
The Kor Group is a privately held real estate development and management firm with investments primarily in hotels, resorts and multi-family real estate. Kor Hotel Group, the hospitality division of Kor, manages its own assets, non-owned hotels under third-party agreements and operates two proprietary luxury brands; Viceroy with properties in Santa Monica and Palm Springs, and The Tides with locations in South Beach, Riviera Maya and Zihuatanejo, Mexico. Kor's urban retreats include Avalon Hotel and Maison 140 in Beverly Hills, Delfina in Santa Monica, Gateway in Los Angeles, Chamberlain in West Hollywood and Loden in Vancouver. Viceroy and Tides projects in Miami, Anguilla, Riviera Maya, Snowmass, Colorado and China Beach in Vietnam's central Danang province are forthcoming.

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