Kor seals deal for Ikal del Mar

Kor Hotel Group has announced the finalization of its purchase of the five-star Ikal del Mar resort located on Mexico’s Yucatan Peninsula, ten miles north of Playa Del Carmen. The property’s current management operator, Houston-based ProHotel International, will remain on in the same capacity, enabling a seamless transition in ownership for this distinguished property.

“The Ikal del Mar resort significantly enhances Kor Hotel Group’s presence on Mexico’s increasingly-popular Riviera Maya,” said Brad Korzen, CEO of Kor Hotel Group. “The resort joins with our upcoming Tides Playa del Carmen and Viceroy Riviera Maya Resort and Residence to demonstrate the extent of our commitment to the region and represents a prime addition to our growing portfolio of international hotels and resorts.”

Touted as “a sexy, eco-conscious hideaway in the jungle” by Travel + Leisure, Ikal del Mar is situated on approximately six acres of Caribbean waterfront property and stands as one of the few boutique-scale, five-star luxury resorts on the Yucatan Peninsula. Intimate and serene, the resort’s design respects and accentuates the pristine qualities of its dramatic jungle and seaside setting. Thirty stand-alone palapas embraced by lush jungle allow guests a level of privacy not found at other resorts of the area. Suites are luxurious and spacious, at over 650 square feet each, and equipped with plunge pools and secluded private terraces. A comprehensive “jungle spa” features a beachfront yoga studio and Maya Temazcal steam treatment cave.

Indicative of Kor Hotel Group’s continuing expansion on the Yucatan Peninsula, Ikal del Mar’s purchase is part of the company’s overall growth strategy nationally and internationally. Kor will debut two ground-up properties in the Riviera Maya region in 2008, Viceroy Riviera Maya in the Mayakoba resort complex and The Tides Playa del Carmen Resorts and Residences.