Kor Hotel Group Completes $236 Million Construction Financing Loan for Viceroy Anguilla Project

Los Angeles-based luxury hotel operator Kor Hotel Group announces the completion of a $236 million loan with Citigroup of New York for the construction financing of its Viceroy Anguilla Resort & Residences project in the Caribbean´s British West Indies.

Ground-up construction of the project has been successfully underway since this spring and the premier residential resort is set to debut in March 2008.

With record-breaking results achieved since its sales-launch began in mid-2005, Kor´s exclusive Anguilla resort stands as the most successful real estate project in the Caribbean to date, with over $250 million in residential sales secured.

The exquisite Viceroy Anguilla project additionally demonstrates Kor´s growing presence in the burgeoning Caribbean market and marks Kor´s first overseas exportation of the Viceroy brand´s signature blend of distinctive design, luxurious amenities and exceptional service.

Kor is also currently developing a Viceroy project on the Mayan Riviera near Playa del Carmen and two in Florida, Viceroy Icon Brickell and Viceroy South Beach.