�Pat offers Kor a unique background in both domestic and international real estate development.� said Korzen in announcing the appointment. �Her role in the formative stages of building a luxury hotel company at Rosewood, coupled with her experience in the design and construction industry at The Beck Group, brings a strong framework for our rapidly growing operations. This background, along with extensive experience with publicly-traded companies, brings a new perspective to our executive team and will be of tremendous benefit as she oversees effective financial management and reporting systems, accounting, information technology, risk management, and investor, banking and lender relations for all of Kor�s boutique and branded hotels, multi-family properties, and real estate development projects.�

Priest joins The Kor Group with 33 years as a finance professional, serving in senior leadership positions with top global companies in the real estate industry. Most recently she was Managing Director and Chief Financial Officer for the multi-national Beck Group, where, during her eight-year tenure there, she oversaw the capital structuring of the company�s multi-tiered partnership entities in the US and Mexico, developed enterprise wide software systems and project controls and led the merger with an architectural firm to integrate the company�s design and construction activities.

Priest holds a Master�s Degree in Finance from the University of Texas at Dallas and a Bachelor�s Degree in Accounting from North Texas State University. She also served on the faculty at the University of Arkansas Sam M Walton College of Business. In addition to her professional work, she has been actively involved in civic and community affairs over the course of her career. She is a member of the Board of Directors for The Real Estate Council and the City of Dallas� Design District TIF, is a member of the Finance Committee for the Greater Dallas Chamber of Commerce and sits on the Advisory Board for the University of Texas McCombs School of Business. She has also served on the Boards of the Dallas Opera, YMCA, International Women�s Foundation, and Executive Women�s Roundtable.

Interview arrangements are available upon request.

About Kor Hotel 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., Campton Place in San Francisco and Ikal del Mar on Mexico's Riviera Maya. A new Resorts & 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 2009.
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Contact:
Kor Hotel Group
Kimberli Partlow
323-930-3890
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Hawkins International
Amy Newcomb / Corey Finjer
212-255-6541
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