Kor Hotel Group Acquires Iconic Tides Hotel in South Beach
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Kor Hotel Group Acquires Iconic Tides Hotel in South Beach
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Category: North America & West Indies / Carribean islands
This is a press release selected by our editorial committee and published online for free on 2006-03-27
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 the portfolio."
The transaction marks Kor's first purchase of an existing property on the East Coast and the birth of a new brand. Kor recently announced The Tides Playa del Carmen, a ground-up property forthcoming on Mexico's Mayan Riviera, that will significantly increase Kor's dynamic presence world-wide and is a vital component of Kor Hotel Group's overall growth strategy nationally and internationally. Kor's expansion of a new Tides brand is in timely conjunction with the on-going development of Kor's well-known Viceroy brand in Miami and the Caribbean.
For reservations or further information contact (866) 891-0951 or (305) 604-5070 or visit tidessouthbeach.com. The Tides South Beach is located at 1220 Ocean Drive in Miami, FL.
The Tides Hotel
An icon of the exquisite art-deco architecture of the 1930s, Tides Hotel occupies an ideal oceanfront niche at 1220 Ocean Drive across from Lummus Park. Forty-five sleekly stylish guestrooms, including seven junior suites and three dramatic penthouses with decks and Jacuzzis, each offer expansive ocean views. The acclaimed 1220 at the Tides restaurant offers exquisite dining with quietly attentive service in an indoor and outdoor setting: The Terrace overlooks Ocean Drive and the beach; the interior enchants with art deco elegance. The Bar at 1220 boasts a colorful selection of specialty drinks, along with live piano jazz in an eclectic ambience.
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