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As predicted in Issue 5, the last few months have been extremely busy at IFA Hotels & Resorts with new products launching, new offices opening, new ground being broken and new markets being entered.
The most recent highlight we have to share with you (apart from the imminent launch of our first YOTEL, which we're saving for the next issue!) is the recent launch of Fairmont Heritage Place, Kingdom of Sheba, which was publicly announced at this year's Arabian Travel Market. It's a first for IFA Hotels & Resorts, a first for the region, and the first story you'll read about in this issue.
On other fronts, we added Namibia to our growing global portfolio in March and, although summer used to be a time when business slowed down in the Middle East, July and August look as busy as ever. Let's see what news September brings!
Until next time,
Werner Burger
President & COO,
IFA Hotels & Resorts
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Fairmont Heritage Place,
Kingdom of Sheba Launches
First Fractional Ownership Product in the Region
IFA Hotels & Resorts realised yet another 'first' with the launch of Fairmont Heritage Place, Kingdom of Sheba; the region's only Private Residence Club community to date.
At the project launch, held on the first day of the Arabian Travel Market 2007, Talal Jassim Al-Bahar, Chairman and Managing Director of IFA Hotels & Resorts said, "We're excited about bringing Fairmont Heritage Place to the Middle East and introducing such an innovative ownership product to our largest development. We have no doubt that Fairmont Heritage Place, Kingdom of Sheba will become the most exclusive Private Residence Club in Dubai and in the region."
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FAQ
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What are the advantages of Private Residence Club ownership?
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Owning a luxury residence at a fraction of the cost of whole ownership, while enjoying award winning design, furnishings and premier locations.
Enjoying services equivalent to a five star hotel not usually available to second home owners.
Having the use of an extensive range of amenities to enjoy your leisure time.
The ability to invite family, friends and clients to enjoy your Club.
Knowing that your property is professionally managed, avoiding the maintenance hassles and concerns typically associated with second residences. Opening up travel options to other premier destinations.
The option to own vacation residences in more than one location without tying up large amounts of capital in a single home.
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Who are Private Residence Clubs really for?
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At Home in Africa's Oldest Desert |
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At the end of March, IFA Hotels & Resorts further expanded its global reach by announcing its entry into the Namibian hospitality market through a joint venture agreement with the Ohlthaver & List (O&L) group of companies, the leading private sector group in Namibia. The JV also allowed IFA Hotels & Resorts to introduce its five star luxury hospitality partner Kempinski Hotels (Kempinski) to the country in an agreement that will see the international hotel brand operate all four of the joint venture hotel properties.
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Construction starts on Fairmont Zimbali |
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Construction on the celebrated Fairmont Zimbali hotel and residential property portfolio began in late March following an official ground-breaking ceremony held on site at Zimbali Coastal Resort.
Last year, IFA Hotels & Resorts announced its US$ 253 million Fairmont Zimbali property initiative, which includes the five star Fairmont Zimbali hotel, a Gary Player signature golf course and country club, an international Willow Stream Spa, and a range of residential and investment real estate ownership opportunities.
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Zimbali Sets New Levels in Property Prices
The prestigious Zimbali Coastal Resort on the KwaZulu-Natal north coast has set a new level for provincial property prices with a residential home, namely Amankila, recently having sold for a record US$ 4.1 million.
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IFA Yacht Ownership Club Adds the Caribbean
Bolstering its high-profile presence at both the Dubai and the Kuwait International Boat Shows, the IFA Yacht Ownership Club (IFA YOC) recently expanded its exclusive yacht lifestyle concept to include the Caribbean, taking its total number of cruising zones to five.
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A Summer Packed with Surprises at Pine Cliffs Resort
Summertime deserves its fair share of surprises, new experiences and happiness. So what better way could there be to spend your summer than with the perfect blend of unique surroundings and time spent with family and friends?
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Construction Update:
Building Of Alabadiyah Hills in Lebanon Resumes
The decision that construction will commence in July followed the signing of an agreement with Mouawad-Edde Contracting Company and Karam Group (UCE/ME), a joint venture partnership.
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Raimon Land Partners with Classic Golf Tournament in Thailand
Raimon Land, IFA Hotels & Resorts' strategic partner in Thailand, was an official sponsor of the recent Johnnie Walker Classic 2007.
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IFA Hotels & Resorts Named Fastest Growing Company in Kuwait
IFA Hotels & Resorts Chairman and Managing Director Talal Jassim Al-Bahar was recently on hand to accept the 'Fastest Growing Company in Kuwait' award from Arabian Business
magazine at the prestigious Arabian BusinSess Awards.
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New Website Goes Live
We're happy to announce that the newly updated IFA Hotels & Resorts corporate website is now live on our existing address
www.ifahotelsresorts.com
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Flagship European Office Opens in London
In March we celebrated the launch of our flagship European office in the heart of downtown London. Alan Bell, Vice President IFA Hotel & Resorts London, hosted an elegant function at The Savoy Hotel for UK investors and media, culminating in the London office's first sale.
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IFA Hotels & Resorts Shows its Pedigree
In support of the Kuwait Riding Center, IFA Hotels & Resorts has sponsored a local show jumping team that has been posting impressive results so far this year in both local and international competitions.
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