It will be developing a luxurious hotel, residences and village marina on the 480 acre (1,942,491square metres) island of Ste Anne in the idyllic Seychelles. The development will be named 'Zilwa', which means 'islander' in the local Creole language.
Talal Jassim Al-Bahar, Chairman and Managing Director, IFA HR stated, "Seychelles was a natural choice for our next development. It offers everything that owners and guests could ever want - seclusion, beautiful beaches, azure waters, five star service and a reputation for exclusivity and luxury."
Zilwa will be a US$ 450 million mixed-use development, covering the whole island of Ste Anne, following IFA HR's well-established property mix of a five star hotel, serviced residences and ultra-luxurious facilities and amenities including a marina. The development's residential mix will include premium beach front ocean villas, secluded hillside villas, luxury marina apartments, exquisite penthouses and a Private Residence Club, all overlooking the Indian Ocean.
Werner Burger, President and Chief Operating Officer, IFA HR said, "Zilwa is the prefect addition to our portfolio. This follows our set strategy of expanding and linking our integrated resorts in Africa and the Indian Ocean region."
Zilwa is the epicentre of the Ste Anne Marine National Park and will offer buyers and visitors alike a combination of tranquil island living, security, privacy and understated style wedded to world class services and atmosphere ranging from calm to heady, depending on where they choose to spend their time. The marina will offer boating enthusiasts a stunning centrepiece of activity, while several infinity pools, a world-renown spa and a sophisticated beach club will provide those looking to 'get away from it all' the perfect retreat.
Francis Savy, Director, IOR said, "We believe in maintaining a delicate balance between the ecology and the economy of the islands. We're convinced that this new project will be able to achieve that balance and we're looking forward to working alongside IFA Hotels & Resorts to make it happen. With our experience in the Indian Ocean region and IFA Hotels & Resorts' experience internationally, Zilwa will offer the high-end investor or tourist the best of everything."
The Seychelles islands are 1,600 kilometres due east of the Kenyan coast and Ste Anne island is a mere 10 minute boat or helicopter ride from the international airport on the main island of Mahé. The location of this private island is perfectly positioned for the development to take advantage of the tranquillity and seclusion Seychelles is known for but also close enough to the capital of Victoria on the main island for those wanting to explore further afield.
Seychelles is home to some of the rarest species of flora and fauna on Earth. Far sighted conservation policies have resulted in an enviable degree of protection of the environment and the varied ecosystems it supports - unique endemic species like the Coco de Mer, the Jellyfish tree, the Seychelles Paradise Flycatcher and the Seychelles Warbler.
Grahame Beggs, Director, IOR said, "What's unique about this project is that the granitic makeup of the island, rising up to 250 metres, offers such a variety of residential opportunities, each catering to a distinctive lifestyle and yet all working harmoniously together in terms of design. The ocean front villas and the marina apartments have been designed to complement the marina's ambience, while the hillside villas offer a similar sense of seclusion and serenity as does the onsite spa. Most importantly, every aspect of the development's design is a modern, chic interpretation of the Ste Anne landscape."
Al-Bahar concluded, "Our joint venture with Indian Ocean Resorts Ltd provides synergies for both companies to expand further into Seychelles, while maintaining our commitment to develop integrated mixed-use destinations that offer our clients a variety of asset classes to live or invest in."
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IFA Hotels & Resorts enters Seychelles in JV with Indian Ocean Resorts Ltd
- Kuwait: Sunday, August 05 - 2007 at 12:57
- PRESS RELEASE
IFA Hotels & Resorts (IFA HR) has announced a joint venture partnership with Indian Ocean Resorts Ltd (IOR) to expand its global portfolio
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IFA Hotels & Resorts - www.ifahotelsresorts.comIFA Hotels & Resorts is a leader in the development of premier integrated and mixed-use hotel and tourism resort projects throughout Europe, the Middle East, the Far East, the Indian Ocean region and Africa.
IFA Hotels & Resorts' activity in resort development began in the mid 80s with the acquisition and development of Pine Cliffs Resort in the Algarve, Portugal, through United Investments Portugal, which is part of the IFA Consortium.
The grandeur of Pine Cliffs provided the ideal environment for investment in the real estate sector as well as residential homes and resort living, and thus the consortium's link with the hospitality sector developed. Today, IFA Hotels & Resorts sets the international benchmark for the development of world class integrated real estate development.
IFA Hotels & Resorts' main operating office is located in Dubai, while it's head office is in Kuwait. The company is run by Chairman and Managing Director Talal Jassim Al-Bahar along with President & COO Werner Burger and VPs in key markets across the globe including Portugal, the United Kingdom, Dubai, Lebanon, Kenya, Zanzibar and South Africa. IFA Hotels & Resorts is a specialist in resort development, and the company enjoys close links to premier hospitality operators such as Fairmont Hotels & Resorts, appointed to manage some of its developments both in South Africa and in Dubai.
IFA Hotels & Resorts listed on the Kuwait Stock Exchange in January 2006, with a market capitalisation of over US$ 1 billion. The company also listed on the South African JSE Limited (Johannesburg Stock Exchange) during 2006 with plans to list on other major exchanges in the future. In January 2007, the company invested in listed Thai developer Raimon Land.
Globally, IFA Hotels & Resorts has entered into strategic alliances and joint venture partnerships with leading companies such as Kingdom Hotel Investment Group (Saudi Arabia), Nakheel (UAE), Istithmar (UAE), United Investments (Portugal), a strategic alliance with RCI (part of the Cendant's Group), Moreland Developments (Pty) Ltd (South Africa), Boschendal Ltd. (South Africa), Raimon Land (Thailand) and most recently Ohlthaver & List (Namibia).
IFA Hotels & Resorts aims to link its resorts to new parts of the globe, such as the US, the UK, the Indian Ocean and Eastern Europe. This will offer investors and tourists access to world class facilities through a network of hotels, residential resorts, vacation and residence club destinations.
IFA Hotels & Resorts Worldwide Projects:
DUBAI
IFA Hotels & Resorts is the largest investor on The Palm Jumeirah.
• The Fairmont Palm Hotel & Resort - A 400 room 5 star hotel on the trunk of The Palm Jumeirah.
• The Fairmont Palm Residence - 558 luxury apartments. (www.fairmontpalmresidence.com)
• The Palm Residence - Al Nabat and Al Haseer - two shoreline residential buildings on the trunk of The Palm Jumeirah, with 246 apartments.
• The Palm Golden Mile development - A joint venture project with Istithmar. A project featuring 860 luxury apartments, 19,500 sq. metres of office space and 22,000 sq. metres of retail space comprising boutique shops and restaurants, all stretching along 7.8 hectors of park land. (www.thepalmgoldenmile.com)
• Kingdom of Sheba - A 1,000 key destination on the Crescent of The Palm Jumeirah (adjacent to Atlantis) comprising residences (Balqis Residence), a Hotel (Fairmont Kingdom of Sheba), Vacation Club (Fairmont Vacation Club, Kingdom of Sheba), Private Residence Club (Fairmont Heritage Place, Kingdom of Sheba) and a souq (retail plaza) - all to be managed by Fairmont Hotels & Resorts. (www.kingdomofsheba.com)
• Laguna Tower - A 40 storey mixed-use tower located in the Jumeirah Lake Towers, next to the Dubai Marina, comprising residential apartments and a hotel-residence managed by Mövenpick Hotels & Resorts, the Movenpick Hotel & Residence Laguna Tower Dubai, in addition to retail and restaurants along the waterfront. (www.lagunatower.com)
LEBANON
• Alabadiyah Hills - A luxurious mountainside retreat in Bhamdoun, overlooking Beirut. This 7.5 hectare project will consist of high-end residential villas, townhouses and apartments, in addition to a world renowned spa and beauty clinic, which will be managed by Kempinski Hotels. (www.abadiyahhills.com)
• Four Seasons Hotel Beirut - IFA Hotels & Resorts is also a shareholder in this upcoming development.
PORTUGAL
• IFA Hotels & Resorts is the force behind the super-premium Sheraton Algarve Hotel (www.luxurycollection.com) and Pine Cliffs Resort (www.pinecliffs.com), part of Starwood's Luxury Collection.
SOUTH AFRICA
• Zimbali Coastal Resort & Zimbali Lakes Resort - IFA Hotels & Resorts owns a 50% share in the luxurious resort, a 700 hectare prime residential and resort estate located on the north coast of KwaZulu-Natal. (www.zimbali.co.za)
• Zimbali Lodge - IFA Hotels & Resorts owns the exclusive Zimbali Lodge, managed by Sun International Limited. (www.zimbalilodge.co.za)
• The Fairmont Zimbali - A new 154 hotel key resort, with a unique portfolio of freehold properties including 57 apartments, 17 ultra luxury villas, 20 golf chalets and 10 villas incorporated into a Fairmont Heritage Place Private Residence Club, all to be managed by Fairmont Hotels & Resorts. (www.fairmontzimbali.com)
• Boschendal Limited - A mixed- use resort development at an historic Cape Estate. (www.boschendal.com)
KENYA
• Lonrho Hotels - IFA Hotels & Resorts is a shareholder in five Lonrho Hotels in Kenya (www.lonrhohotels.com)
ZANZIBAR
• Mövenpick Resort & Spa - Zanzibar- Located on the historic Tanzanian spice island, with joint venture partner Kingdom Hotel Investments, the new resort will be re-opened in the last quarter of 2006 and will be managed by Mövenpick Hotels & Resorts. (www.zanzibarbeachresort.com)
NAMIBIA
• IFA Hotels & Resorts formed a joint venture with Ohlthaver & List and introduced Kempinski Hotels to operate all four of the joint venture hotel properties within the Namib Sun Portfolio: The Strand Hotel, King's Den Lodge, Mokuti Lodge and a fourth hotel to be developed in Windhoek. (www.ohlthaverlist.com)
UNITED KINGDOM
• YOTEL - IFA Hotels & Resorts is the majority investor in the two YOTEL hotels in Heathrow and Gatwick. (www.yotel.com)
THAILAND
• IFA Hotels & Resorts owns approximately 24.9% of listed Thai real estate developer, Raimon Land. The Raimon Land portfolio includes: The Lofts Sathorn, The Lakes, The Legend Saladaeng, Northshore (Pattaya), Kata Gardens (Phuket), The Heights (Phuket), Northpoint (Pattaya), The Lofts Yannakart (Bangkok) and The River (Bangkok). (www.raimonland.com)
Investment and Hospitality products:
IFA Hotels & Resorts' programme of brand acquisition and developer partnerships will continue into the future, illustrated by the ever growing strength of its product range:
• IFA - Hotels & Resorts
• IFA - Lifestyle Membership Clubs
• IFA - Vacation Ownership
• IFA - Fractional Ownership
• IFA - Hotel Ownership
• IFA Residences
• IFA Properties
• IFA Yacht Ownership
• IFA Jet Ownership
• IFA - Travel & Tourism
This unique product range enables IFA Hotels & Resorts to continuously anticipate and deliver to the varying property investment and leisure requirements across the globe.
For further information, please contact:
Orient Planet PR & Marketing Communications
P.O. Box 23345, Dubai, UAE
Tel: +971 4 3988901
Fax: +971 4 3988941
Posted by Lara Lynn Golden, News EditorSunday, August 05 - 2007 at 12:57 UAE local time (GMT+4)
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