Peter Willis Appointed Vice President of Hotel Acquisitions for The Kor Group; Industry Veteran Joins Los Angeles-Based Kor Group in New Miami Regional Sales Office

Jeffrey Smith, COO of The Kor Group, the Los Angeles-based hotel, real estate development and management firm, is pleased to announce the recent appointment of Peter Willis to the position of Vice President, Hotel Acquisitions. Willis will be based out of Kor's newly launched sales and development office in Miami and will focus primarily on hotel acquisitions and management contracts for the East Coast and Caribbean markets. Willis began his official tenure with The Kor Group on May 31st of this year.

"Peter represents a critical addition to our executive team," said Smith in announcing the appointment. "As Kor continues to initiate new ground-up projects and expand its hospitality portfolio both nationally and internationally, our new Miami office requires strong leadership. Peter's expertise encompasses all relevant areas for Kor via an impressive and extensive professional background."

Willis joins The Kor Group with seventeen years of experience in the hospitality and real estate industries. Most recently, he spent five years as Vice President of Business Development/Acquisitions for Innkeepers USA Trust in Palm Beach, Florida. Prior to that, Willis was with a prominent industry consultant for six years, overseeing project execution support for the repositioning and opening of luxury properties throughout the US and Southeast Asian region.

Willis holds a Bachelor of Science degree in Business Administration from the University of Florida and has completed additional coursework through the School of Hotel Administration at Cornell University.

Interview arrangements and photography are available upon request. Please contact Kor Hotel Group or Hawkins International at the numbers listed below.

About The Kor Group

An innovative presence in the real estate and travel communities, The Kor Group is a privately held real estate investment, development and management firm that is redefining the concept of home with its distinctive hotel and residential properties. In addition to leading intensive renovations that combine vintage architectural and design elements with up-to-the-moment luxuries and conveniences, Kor also specializes in ground-up condominium and apartment developments and extensive adaptive reuse projects. Current sites include the Molino Street Lofts and The Eastern Columbia Building in downtown Los Angeles. 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. 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. A new Viceroy Resorts and Residences division combines Kor's hotel and residential expertise with forthcoming ground-up projects in Miami, Anguilla and Riviera Maya to debut in 2008 and Tides Playa del Carmen in 2008.