IFA Times - Issue 3, 2006

Welcome again! With the summer behind us and Ramadan just around the corner, here's our third issue of IFA Times.

The hot season certainly hasn't been a slow season at IFA Hotels & Resorts. Our worldwide expansion continues apace and our purchases of a significant stake in South Africa's Boschendal Limited is tremendously important.

Read all about it along with much more.

Enjoy!

Werner Burger
President & COO,
IFA Hotels & Resorts

Kuwait Joining forces again with Movenpick in exotic Zanzibar

Together with our strategic partner, Kingdom Hotel Investments (KHI), IFA Hotels & Resorts recently announced the appointment of Swiss international hotel operator Mövenpick Hotels & Resorts (Mövenpick) to manage a very special vacation destination.

Off the coast of East Africa’s Tanzania, Zanzibar - the legendary ‘Spice Island’- will soon offer the upscale Mövenpick Resort & Spa-Zanzibar.

“The appointment of Mövenpick Hotels & Resorts to manage the resort reinforces our strategy of forging strong alliances with world-class partners,” said Werner Burger.

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PineCliffs 10th Summer Gala Concert

The annual social event of the year at The Pine Cliffs Resort - Sheraton Algarve Hotel and Pine Cliffs Vacation Club, took place on July 24th. This elegant gala event brought out the celebrities in their glamorous best, to attend a sumptuous al fresco dinner under moonlit sky, whilst serenaded by iconic singing legend - ROBERTA FLACK.

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Zimbali Costal Resort triumphs at Homes Overseas Award

Southern Africa’s premier resort and
residential development- the
prestigious Zimbali Coastal Resort -
recently won the coveted Silver Award
for Best Estate Agency Marketing.

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IFA Hotels & Resorts acquires stake in Boschendal, South Africa

In its first acquisition since listing on the Johannesburg Stock Exchange in February, IFA Hotels & Resorts
Limited (IFA SA) is to purchase a significant stake in South Africa’s Boschendal Limited.

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