The new R1,8 billion Fairmont Zimbali, set to open in the first quarter 2009, launches its prestigious and unparalleled residential portfolio on December 15th , 2006.
The Fairmont Zimbali will consist of an ultra luxury, international five star hotel, a Gary Player signature golf course and country club, an international Willow Stream spa and a superb bouquet of residential and investment real estate ownership opportunities, including an exclusive Fairmont Heritage Place private residence club.
IFA Vice President (Operations), Phil de Sylva, says "Zimbali is the premium resort in South Africa, having scooped three prestigious awards at the 2006 International Property Awards as Best South African Development, Best South African Golf Development and Best South African Developer Marketing. This launch phase is critical to us, as it delivers on the promise & commitment we made to our Zimbali development partners and investors to further enhance the stature of Zimbali".
Developed by IFA Hotels & Resorts, all these residences are to be managed and operated by Fairmont Hotels & Resorts. Investors will be able to select from a variety of ownership opportunities ranging from direct investment in a typical hotel condominium suite to the purchasing of an apartment or free standing villa, with the comfort of knowing that the property will be maintained to the highest standard when the owner is not in residence, and while the owner is in residence, be able to have access to the magnificent amenities that the Fairmont Zimbali will provide.
The various residential aspects of the Fairmont Zimbali will be released in phases as from 15th December 2006 with prices ranging from R750,000 for a fraction in a Zimbali Residence, to between R5m and R15m for a high end luxurious Villa or Apartment with endless sea views. The pinnacle of the Fairmont Zimbali real estate opportunities will be the six signature beachfront villas which will be priced from R34m each.
Hotel suites will be rented out by the hotel, providing the owner with a return on investment as well as usage of the property for a specified time each year. Purchase of an apartment or villa allows the investor his own use of the property but with the added advantage of having it serviced and maintained to an international five star standard by the Fairmont Hotel. Apartments and villas can also be included in the hotel rental scheme, a concept which is currently already very successful within Zimbali.
The Fairmont Zimbali Residences will include 56 exquisite apartments situated on stunning elevated sites, adjacent to the main hotel. These designer apartments will offer exclusivity, luxury, privacy and the ultimate in a lock-up-and-go residence.
"Zimbali Residences" - will also be included in the new Fairmont Zimbali development. These will all be positioned with views over the fifth green of the existing Tom Weiskopf signature Zimbali golf course. These exceptional units will offer investors full or fractional ownership opportunities, allowing owners access to all the Fairmont Hotel amenities and facilities.
A new and exciting resort real estate ownership scheme to be part of the Fairmont Zimbali is the Fairmont Heritage Place - an elite, private residence club offering all the benefits of owning your own vacation home, plus so much more: Access to Premium residences around the world, luxury amenities and the personalised world-class service that only Fairmont delivers.
Fairmont Heritage Place owners will be able to trade part of their interest in the Fairmont Heritage Place - Zimbali for vacations at any Fairmont hotel or resort worldwide.
Vaughn Reiche, Sales Director, IFA Estates, comments "This exciting launch enables us to introduce a diverse portfolio of up-market residential and leisure investment opportunities to the local and international market. The introduction of the Fairmont brand into Zimbali aligns us with an iconic world class operator, elevating Zimbali's profile in the international luxury mixed use resort market."
Ends.
FOR FURTHER INFORMATION ON Fairmont Zimbali
CONTACT:
Fairmont Zimbali Sales
IFA Sales Director � Vaughn Reiche
Tel: +27 32 538 1205
Cell: +27 79 494 1527
Email: sales@fairmontzimbali.com
www.fairmontzimbali.com
www.ifahotelsresorts.com