Fairmont Hotels & Resorts to manage The Palm Golden Mile and Al Nabat & Al Haseer residential buildings on The Palm Jumeirah

IFA Hotels & Resorts has announced the appointment of luxury hotel operator  Fairmont Hotels & Resorts to manage The Palm Golden Mile and its two  shoreline buildings, Al Nabat and Al Haseer - IFA Hotels & Resorts’ residential  projects - located on the trunk of The Palm Jumeirah. 

The appointment reinforces Fairmont as one of the leading luxury operators  within the region and further strengthens the relationship between the two  companies. Inventory under the management of Fairmont will now range from  traditional hotel keys within the Fairmont Palm Hotel & Resort, through to  luxury apartments and penthouses managed under a tailored rental  administration programme. 

Owners of both developments will benefit from IFA’s Rental Administration  Programme, managed by Fairmont, which allows the investor to purchase a  comprehensive interior design package for their apartment that Fairmont  then administers and lets out on their behalf. Alternatively, Fairmont can  handle normal rental contracts to cater for the needs of both short and long  term tenants. 

Patrick Smith, Vice President Asset Management, IFA Hotels & Resorts said,  “The facilities available at The Palm Golden Mile and Al Nabat & Al Haseer will  be unsurpassed, giving residents the opportunity to enjoy an exceptional  waterfront lifestyle.With the management of these residences entrusted to  Fairmont Hotels & Resorts, we have delivered on our promise to clients to have  the highest level of service available to our residents.” 

The Palm Golden Mile will host some of The Palm Jumeirah’s finest retail  shops, offices and residences. Construction of this premier mixed-use resort is  now well under way and completion is expected in the first quarter of 2008.  The Al Nabat & Al Haseer buildings form part of Nakheel’s shoreline  apartments and are scheduled for completion in the first quarter of 2007. 

Fairmont Executive Vice President, John Johnston said: “Fairmont Hotels &  Resorts has built a reputation for excellence and we take great pride in being  associated with The Palm Golden Mile and Al Nabat & Al Haseer. Managing  these projects will be exciting for us, given their unique location on the world  renowned Palm Jumeirah. Residents of properties will enjoy the premium  service that Fairmont is known for providing worldwide, offering the very best  in serviced living.We look forward to a long and mutually beneficial  partnership with IFA Hotels & Resorts in the years ahead.” 

Talal Jassim Al Bahar,  Chairman and Managing  Director of IFA Hotels &  Resorts concluded: “Our  continued strategic alliance  with Fairmont Hotels &  Resorts is strengthened by  their appointment to manage  The Palm Golden Mile and  Al Nabat & Al Haseer. As a  company, we are committed  to providing a premium  product offering to our buyers  and it is fitting that this will  be delivered by one of the  best luxury hotel operators  in the world.”