Los Angeles, California-based Kor Hotel Group and Mubadala Development Company (Mubadala), a business development and investment company headquartered in Abu Dhabi, United Arab Emirates, announce the formation of a strategic partnership through Mubadala's acquisition of fifty-percent of Kor Hotel Group. The agreement will focus on aggressive global expansion of The Tides and Viceroy brands in key gateway cities and top resort destinations.