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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 29, 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 Kor Hotel 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, 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 Viceroy Santa Monica and Viceroy Palm Springs, Avalon Hotel and Maison 140 in Beverly Hills, Tides in South Beach, Chamberlain in West Hollywood, The Jefferson in Washington D.C. and Campton Place in San Francisco, Ikal del Mar in the Riviera Maya, as well as forthcoming Viceroy Resorts and Residences in Miami, Anguilla and Riviera Maya debuting in 2008.

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1212 South Flower Street   Suite 500   Los Angeles, CA 90015   T 323 930 3700   F 323 930 3701

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