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Kor Hotels

Kor Partners With Abu Dhabi Firm To Launch Aggressive Global Expansion

September 23, 2008 at 2:08 PM | 0 Comments

We mentioned briefly a few weeks ago that Kor Hotels -- who own the Viceroy and the Tides brands -- have sold 50% of the company to Mubadala Development Company, a business development and investment firm headquartered in Abu Dhabi.

We received confirmation of the partnership today. Word from the official press release:

Kor will increase its presence in the Middle East, North Africa and Asia under the partnership, with premier business and resort developments planned to open in Abu Dhabi by 2012. Already a rising presence in several sought-after locations, Kor will soon expand its distinct collection with the unveiling of its newest hotels and resorts, Viceroy Anguilla and Viceroy Miami.

Now that they've got Miami covered already, the next logical step in a hotel chain's expansion these days is the Middle East -- and so off they go.