Laurus Corporation Negotiates Sale of Le Meridien Cancun

Dec 13, 2006, 00:00 ET from Laurus Corporation

    LOS ANGELES, Dec. 13 /PRNewswire/ -- Laurus Corporation ("Laurus") is
 pleased to announce that it has successfully negotiated the sale of the Le
 Meridien Cancun Resort and Spa to American Property Hospitality Management
     (Logo: )
     Occupying an integral location in Cancun's famed Golden Hotel Zone, the
 213-room Le Meridien, a member of The Leading Hotels of the World, has been
 rated among the 80 best hotels in the world by leading travel magazines.
 Conde Nast Traveler magazine selected "SPA del Mar" in the Top 50 Spas for
 both the Top Treatments and Top Program list.
     The hotel was acquired by AMPH, an affiliate of American Property
 Management Corporation ("APMC"). Based in San Diego, APMC was ranked as the
 8th largest hotel management company in the April 2006 issue of Hotel
 Business magazine and the 5th largest independent third-party hotel
 management company in June 2006 issue of Hotel and Motel Management
     The off-market transaction was lead by Laurus Corporation, a
 boutique-style domestic and international real estate development company
 that focuses on first-tier markets and destination resorts. Additionally,
 Laurus concentrates on upscale residential, multifamily, gated communities,
 mixed-use properties, and full-service hotels and resorts. The company
 coordinates activities and converts ideas from paper into reality. It
 creates, manages, and orchestrates key partnerships while assembling the
 process of development from beginning to end.
     Due to the organization's depth and breadth experience in Mexico,
 Laurus has become a trusted advisor to investors seeking opportunities, to
 both create investments and new developments in Mexico, the #1 destination
 for U.S. travelers.

SOURCE Laurus Corporation