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: http://www.newscom.com/cgi-bin/prnh/20061212/LAURUSLOGO )
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