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Industry News
Viceroy
Riviera Maya Sees Unprecendented Sales
Success in Launch Weekend
Playa Del Carmen, MEXICO (August 1,
2006) - Kor Hotel Group achieved precedent-setting
sales results over the July 28-30 weekend in Mexico,
when it launched its new Viceroy Riviera Maya Resort
& Residences.
It was quickly noted as one of the
most successful real estate projects ever in Mexico.
The project's phase one condo hotel sales are among
the highest single-day real estate sales ever in the
country.
Sales totals surpassed $50 million,
which reflect the sale of all four available villas
or  a
total of $15,777,000. Meanwhile, 31 of 40 residences
at Viceroy Riviera Maya sold for a total of $34,246,000.
Prices for residences range from $675,000
to $2.2 million while prices for villas range from
$2.7 million to $6.2 million. Viceroy Riviera Maya
is Kor's first exportation of the Viceroy brand and
its signature combination of innovative design elements,
luxury amenities and exceptional service into Mexico.
Condo hotel residences in phase two
of Viceroy Riviera Maya are expected to be released
by years' end. IMI Resort Holdings is handling the
sales and marketing of the project.
Brad Korzen, CEO of Kor Hotel Group,
commented: "We are so pleased with the remarkable
results of this sales event. With Kor's extensive
experience in both the real estate and hotel arenas,
Viceroy Riviera Maya promises to be an exquisite rendition
of the residential resort concept. This event reaffirms
for us Kor's vision for the kind of residences that
will do justice to such a beautiful place like Mexico's
Riviera Maya."
"Viceroy Riviera Maya leads a
new standard of residential resorts opening in the
Riviera Maya," said IMI Resort Holdings Vice
President of Sales Richard Seay. "Mayakobá
in general, and Viceroy Riviera Maya in particular,
are creating a standard of luxury in keeping with
the region's stunning natural beauty."
Viceroy Riviera Maya near Playa del
Carmen on Mexico's Yucatán Peninsula will be
the newest five-star resort on Mexico's popular Riviera
Maya.
 Steeped
in ancient history, surrounded by white sand beaches
and lush landscaping, Riviera Maya is gaining a reputation
as one of the world's great luxury escapes. It was
recently named one of CNN's "Top 5 Destinations
for 2006."
Now Viceroy Riviera Maya Resort and
Residences brings its uncompromising style and sophistication
to the Yucatán for an ownership opportunity
previously unavailable in the region.
A refined haven of luxury resort residences
and villas woven along beaches, waterways and a Greg
Norman Championship Golf Course, Viceroy Riviera Maya
will offer exclusive amenities including meeting facilities,
a swimming pool and gourmet restaurant, cocktail lounge
and water taxi service to its own Viceroy Beach Club,
which includes a full-service spa and waterfront restaurant
and bar.
Viceroy joins hospitality tastemakers
and trendsetters Rosewood Hotels & Resorts, Fairmont
Hotels & Resorts, and Banyan Tree-each with its
own complement of hospitality, culinary and spa experiences-in
the creation of an luxurious vacation homes at Mayakobá.
Kor Hotel Group has assembled a premier
team to develop the resort. The sophisticated design
of Viceroy Riviera Maya will be created by Kelly Wearstler,
the imaginative eye behind the signature style of
the luxury Viceroy brand.
Viceroy Mayakobá will feature
contemporary Mexican architecture as envisioned by
Legorreta + Legorreta, a ground-breaking firm based
in Mexico City that has gained worldwide acclaim for
creating fresh, spontaneous spaces.
With over $2 billion in assets, Mayakobá
developer OHL is among the largest construction and
service groups not only in Spain but also around the
world. With a proven record of success spanning 90
years, 16 countries and 11,000 employees on four continents,
OHL has emerged as a global leader.
For more information on Viceroy Mayakoba
Resorts & Residences, please contact Maria Lopez
at Maria@CondoHotelCenter.com,
305-944-3090.
Return
to Viceroy Riviera Maya property summary here.
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