The agreement provides that IFA Collection Club members have access to a world of prestigious resorts and developments offered through The Registry Collection. These include exquisite properties in stunning locations such as luxury villas in Tuscany, yachts in the Caribbean and mountain resorts in Colorado.
Going forward, members of The Registry Collection program will be able to enjoy the flexibility of exchanging to properties within the IFA Collection Club portfolio. This currently includes the Pine Cliffs in Portugal, and the IFA Yacht Ownership Club in Cannes and Dubai. Future resorts include the Palm Residence and the Kingdom of Sheba on The Palm Jumeirah, Dubai, and the Zimbali in South Africa.
"We are pleased to be associated with IFA on their ground-breaking venture. The program wraps many elements of leisure real estate ownership under one roof, from timeshare to fractionals to high end whole ownership real estate," said Nick Turner, managing director in the Middle East of Group RCI, parent company of The Registry Collection program. "Group RCI is well positioned with the right products and services, including The Registry Collection, to create a platform for supporting this global offering."
The agreement, signed during the Arabian Hotel Investment Conference in Dubai, is a first of its kind Vacation Club that encompasses a wide variety of shared ownership and leisure real estate products being sold by IFA. There will be a world class hotel on most of the developments creating the ultimate vacation experience for the buyers.
Piaras Moriarty, VP Vacation Ownership, IFA Hotels & Resorts said that the choice was clear when it came to branding and managing such a global all-encompassing leisure product: "We picked The Registry Collection as it is a great wraparound for the IFA Collection that needs a brand of extremely high quality to match the IFA Collection."
IFA Collection members will also benefit from a wide range of concierge and travel services and exclusive IFA benefits.
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The Registry Collection program adds IFA Hotels and Resorts' exclusive new vacation club as its newest affiliate
- United Arab Emirates: Monday, May 05 - 2008 at 16:08
- PRESS RELEASE
IFA Hotels & Resorts has affiliated with The Registry Collection program, the world's largest luxury exchange program, and one of the Wyndham Worldwide family of brands, to offer luxury vacation exchanges for its new, exclusive vacation club.
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Media Contact - Middle EastCassie Curtis
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About The Registry Collection's Program
The Registry Collection, part of the Wyndham Worldwide family of brands (NYSE:WYN), is the world's largest luxury exchange program, providing members with access to an elite global network of the finest vacation properties at some of the world's premier destinations, as well as personal concierge services that are available 24 hours a day at certain locations. From condo hotels and high-end fractional resorts to private residence clubs and fractional yachts, The Registry Collection program facilitates exchanges at more than 100 luxury leisure accommodations around the world and redefines the vacation experience for owners and developers in the luxury segment. The Registry Collection program is offered by Group RCI, a global leader in leisure real estate and one of the Wyndham Worldwide family of companies (NYSE: WYN). For additional information visit www.theregistrycollection.com
About IFA Hotels & Resorts
IFA 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 and Africa.
A specialist in resort development, IFA Hotels & Resorts enjoys close links to premier hospitality operators such as Fairmont Hotels & Resorts, Mövenpick Hotels & Resorts, Kempinski Hotels, Sheraton Hotels & Resorts and Sun International, appointed to manage developments around the world.
IFA Hotels & Resorts listed on the Kuwait Stock Exchange in January 2006, with a market capitalization of over $1bn. 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 (one of the Wyndham Worldwide family of companies), Moreland Developments (Pty) Ltd (South Africa), Boschendal Ltd. (South Africa), Raimon Land (Thailand) Ohlthaver & List (Namibia) and most recently Indian Ocean Resorts (Seychelles).
IFA Hotels & Resorts currently has projects in Dubai, Lebanon, the United Kingdom, Portugal, South Africa, Kenya, Zanzibar, Namibia, Seychelles and Thailand, with plans to link its resorts to new parts of the globe, such as the US and Eastern Europe, and further expand into existing regions. 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' programme of brand acquisition and developer partnerships will continue into the future, illustrated by the ever growing strength of its product range: lifestyle membership clubs, vacation clubs, fractional ownership, hotel ownership, residences, yacht ownership clubs and jet ownership clubs.
Posted by Medilyn Manibo, Assistant News EditorMonday, May 05 - 2008 at 16:08 UAE local time (GMT+4)
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