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IFA has developed an innovative property investment vehicle that combines ownership with a guaranteed minimum return and strong capital growth potential. This concept allows investors to buy a fully furnished, five-star branded hotel residence, with rental pool system to give the owner the security of a guaranteed return of 8% per annum for the first 3 years plus 30 days complementary use per year, all managed by a five star International Hotel operator.
"The introduction of the Moevenpick Hotel & Residence Laguna Tower Dubai ownership program confirms our commitment to offering world class resort developments for different segments of the international market. Our continued strategy of forging strong partnerships with world-class Hotel Companies is seen in our agreement with Moevenpick Hotels & Resorts, to ensure that we continue to bring the highest levels of hospitality standards to the industry,"
said Werner Burger, President & COO, IFA Hotels & Resorts.
"Moevenpick Hotels & Resorts are delighted to partner with IFA in this exciting new venture and are committed to deliver the highest standard of quality and service to the Moevenpick Hotel & Residence Laguna Tower Dubai, ensuring that owners and guests can be guaranteed five-star service all year round," said Andreas Mattmueller, Senior Vice President Middle East Moevenpick Hotels & Resorts.
Hotel residence ownership reduces the risk in owning, managing and renting a property and it offers buyers peace of mind, as well as the means to be a part of Dubai's two biggest growth industries - hospitality and property.
"IFA's new ownership program represents a unique opportunity for mid-tier investors to participate in hotel ownership, which has previously been the domain of high net-worth individuals. The hotel residence model is well established in more mature hotel markets such as the US and South Africa, however we are seeing an emergence of this type of product coming into the region. Investing in this type of programme is an attractive alternative for investors wishing to diversify their residential and commercial property portfolios, with the added benefit of getting some personal usage out of the investment", commented Patrick Smith, Vice President Asset Management, IFA Hotels & Resorts.
Moevenpick Hotel & Residence Laguna Tower Dubai, which comprises private residences as well as 120 hotel rooms, provides all the comforts and amenities synonymous with a world-class development. Built in a commanding location, the modern designed 40-storey Tower gives several apartments and hotel rooms' splendid lake and sea views, as well as landscaping, children's play area and direct access to waterside walkways. State-of-the art technology will provide residents and visitors with "smart" living and the Tower will incorporate a health club, gymnasium, swimming pool, jacuzzi, elegant reception area, 24-hour security and basement parking, in addition to a range of Mövenpick-operated restaurants and retail outlets.
Investors will own a part of the dynamic Dubai hospitality sector in a premier location, with a higher than average return on investment.
• Owner buys freehold hotel residences;
• Ownership of hotel room, including furniture & fittings packages;
• Owner receives income and up to 30 days usage per year;
• IFA guarantees Owner 8% return per year for 3 years;
• Capital value increases in line with hotel performance;
• 4 fully furnished room types available - Executive, Superior, Deluxe & Suite.
Moevenpick Hotels & Resorts, which manage 53 hotels and 12,500 rooms in 19 countries, is known for its heartfelt hospitality, uncompromisingly high product and service quality, and is set to ensure that the Moeövenpick Hotel & Residence Laguna Tower Dubai will stand out as one of the landmarks of the Jumeirah Lake Towers development.
Talal Jassim Al-Bahar, Chairman & Managing Director, IFA Hotels & Resorts, stated,
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Posted by Anne-Birte Stensgaard, Senior News Editor
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