If a Corp Brochure Feb 06

8/6/2019 If a Corp Brochure Feb 06

http://slidepdf.com/reader/full/if-a-corp-brochure-feb-06 1/26



01

It gives me great pleasure to write this forewordfor the IFA Hotels & Resorts corporate brochure.

IFA’s activity in resort development began many years ago with the

acquisition and development by the IFA consortium of the Pine

Cliffs Resort in the Algarve, Portugal. The grandeur of Pine Cliffs

motivated us to invest in the real estate sector and provide a luxury

hotel - The Sheraton Algarve Hotel, part of the Starwood Luxury

Collection - as well as residential homes and resort living for

discerning holidaymakers and business people alike, and thus the

consortium’s link with the hospitality sector was born.

Today, IFA Hotels & Resorts has established itself as a leading

hospitality and real estate developer, and is now settingthe benchmark in developing world class integrated real

estate developments.

The establishment of strong strategic partnerships with leading

local and international companies has been at the heart of our

success and growth in our development, and we have been

fortunate in working with strong partners in all of our projects in

Europe, Africa and the Middle East.

Our listing of IFA Hotels & Resorts on the Kuwait Stock Exchange

on 3rd January 2006 marks a milestone in the growth of this vibrant

and dynamic company. IFA has retained the majority stake, and the

listing provides an opportunity for others to join us and participate

in the growth and success of the company.

The existing IFA Hotels & Resorts management team will continue

to lead the company forward and will provide outstanding growth

and development and maintain its leadership in this dynamic field.

We have seen IFA Hotels & Resorts grow over a short period of

time, in just three years, from a local to a regional and now an

international hospitality and development company that is listed on

the Kuwait Stock Exchange as well as the Johannesburg StockExchange and in the near future the Dubai Financial Market.

There will certainly be a lot of challenges ahead but we are

confident that the IFA Hotels & Resorts team will surpass them and

take the company to higher levels of achievement.

Mr. Jassim Al Bahar

Chairman, IFA

Fo r Ew o r d



02

Welcome to IFA Hotels & Resorts.

As we extend our geographical boundaries and enter new markets

around the world, we are continuously growing IFA Hotels &

Resorts to become a leading player in the global arena.

At IFA Hotels & Resorts, we are diversifying our products to offer a

boutique collection of hospitality focused property and leisure

businesses. Our aim is to establish an international network of

premium leisure destinations, with the opportunity for external

investors to share in these developments, and this vision is being

realised through our existing developments on The Palm Jumeirah

in Dubai, Zimbali in South Africa, Zanzibar in Tanzania, Pine Cliffs in

Portugal and Alabadiyah Hills in Lebanon.

The listing of IFA Hotels & Resorts on the Kuwait Stock Exchange,

coupled with the recent listing of IFA Hotels & Resorts South

Africa on the Johannesburg Stock Exchange, marks a new era and

provides another platform for investors to share in the growth of

our company.

I am delighted that through joint ventures and strategic alliances,

IFA Hotels & Resorts has formed strong partnerships in all our

projects and we continue to develop these relationships and indeed

look to form additional partnerships in new markets that we enter.

Whether it is developing integrated resorts in emerging markets

such as Eastern Europe and Asia, or adding innovative business

models to the portfolio such as our hotel-ownership concept or

even our recent majority investment in Yotel, the hotel company

which is set to change the hotel industry, we are ever seeking to

push the boundaries of the hospitality sector.

Throughout our organisation, we have a wealth of management

experience in all our industry disciplines, and it is through them that

our company will continue to grow into many parts of the world.

IFA Hotels & Resorts has a very bright future and we look forward

to striving towards and exceeding the existing real estate

boundaries, and realising on behalf of business partners and

investors alike, the potential of our company.

Mr. Talal Al Bahar

Chairman & Managing Director,IFA Hotels & Resorts



03

IN TERN ATIO N AL

FIN AN C IAL AD VISO RS (IFA)

International Financial Advisors Co.K.S.C. is a leading investment companyestablished in 1974 and is publicly

traded on the Kuwait and DubaiStock Exchanges.

In 2002, International Financial Advisors expanded its

activities and formed a consortium of several leading

regional and international investors and companies, which

includes the second largest real estate company in

the Gulf states - Kuwait Real Estate Co. (KREC) - a publicly

listed company established in 1986; and United

Investments Portugal (UIP) established in 1985. ADEX

Investment Bank, Jeezan Real Estate, Univest Group,

International Resorts, International Investment Projects

and Kuwait Investment Holding are all related companies

to International Financial Advisors.

Major Shareholders of International Financial Advisors (IFA)country

Al Bab Commercial Company Kuwait

Green Buds General Trading and Contracting Company Kuwait

International Investment Projects Company Kuwait

Jeezan Real Estate Company Kuwait

Kuwait Investment Holding Company Kuwait

Mawared Al Ofoq General Trading & Contracting Company Kuwait

Offset General Trading & Contracting Company Kuwait

Prince Alwaleed bin Talal bin Abdulaziz Al Saud Saudi Arabia

International Financial Advisors has significant

shareholdings in a number of prominent and

diversified companies in the region.

International Financial Advisors' activities

include:

• Investment

• Consumer Finance

• Resort Development & Management

• Sales & Marketing

• Real Estate



04

IFA Stock Performance

2.9

2.7

2.5

2.3

2.1

1.9

1.7

1.5

1.3

1.1

0.9

K u w a i t i D i n a r p e r s h a r e

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar05 05 05 05 05 05 05 05 05 05 05 05 06 06 06



IFA Hotels & Resorts is a leader in thedevelopment of premier integrated andmixed-use hotel and tourism resortprojects throughout Europe, the MiddleEast, the Indian Ocean region and Africa.

Listed on the Kuwait Stock Exchange, with a market

capitalisation of US$1.3 billion, as well as recently

listing on the Johannesburg Stock Exchange, IFA Hotels

& Resorts’ main shareholder is Kuwait based

International Financial Advisors (IFA).

Globally, IFA Hotels & Resorts has entered into

strategic alliances and joint venture partnershipswith leading companies such as Kingdom Hotel

Investments (Saudi Arabia), Nakheel (UAE), Istithmar

(UAE), United Investments Portugal, Savills (United

Kingdom), a strategic alliance with RCI (part of

Cendant) and Moreland Developments (Pty) Ltd

(South Africa).

IFA H O TELS & RESO RTS

(IFAH R)

IFA Hotels & Resorts aims to link its resorts to new

parts of the globe, such as the US, the UK, Mauritius,

Eastern Europe and the Far East. This will offer investors

and tourists access to world class facilities through a

network of hotels, residential resorts, vacation and

residence club destinations.

The company now has its main operating office for the

company in Dubai, reporting to the head office in

Kuwait. With regional offices in every location in which

it develops, including a vast network of global

agents, IFA Hotels & Resorts is rapidly becoming a

global player.



IFA Hotels & Resorts, through both its listed

entities, has diversified its property portfolio

to create a broad investment platform of

different asset classes. The investments

range from land holdings, through to

specific projects and equity investments.

Breakdown of IFA Hotels & Resorts byAsset Class

Equity Investments

5%

Residential

43%

Land

16% Hotels

22%Retail/Offices6%

VacationClub8%



05

IFA YESTERD AY

In 1980, the consortium, through UIP (United

Investments Portugal), joined forces to oversee the

development of 173 acres of prime undevelopedbeachfront land.

At a time when the Algarve was identified as a

destination with strong potential for tourism

development, the land was strategically acquired due to

its superb natural beauty and excellent location.

Starting out as untouched pine groves and gardens, the

realisation of this legacy starts to unfold.



t o d a y

The development model applied to Pine Cliffs has since become the blueprint for all IFA Hotels

& Resorts projects, setting the precedent for ensuring the delivery of both originality and

unbeatable quality.

Today, Pine Cliffs is an exclusive and luxurious destination holiday resort in a stunning location in

the Portuguese Algarve, offering superb sporting, leisure and relaxation facilities. The resort is

built around the 5-Star Sheraton Algarve, and includes residences and vacation club

accommodation in addition to the hotel.

The hotel provides the backbone services to guests and residents alike, by offering a rental pool

system and ‘à la carte’ services to individuals who have acquired property within the resort.

Managed by an international operator, the integrated resort model being developed by IFA Hotels

& Resorts provides international purchasers the reassurance that their investment is being

managed and maintained to the highest 5-Star standards.

Add to that the other services such as a challenging nine-hole golf course with several PGA

courses nearby, more than one kilometre of pristine private beach with a clubhouse and extensive

watersports facilities, the Pine Cliffs resort offers the very best in resort living.

From prime undeveloped land, the Pine Cliffs resort was created,setting a new benchmark for integrated resort developments.



06



07

TH E W O RLD

COLLECTION

IFA Hotels & Resorts has expanded globally into regions across the

world from Europe through to the Middle East and Africa.

Our new projects enable the investor and tourist alike to follow IFA Hotels &

Resorts throughout our global network of pioneering hospitality real estate

developments.

South Africa

Zanzibar

Lebanon

Portugal

United Kingdom

Kuwait

United Arab Emirates

Kenya



08

www.thepalmgoldenmile.com www.thepalmresidence.com

www.zimbalicoastalresort.comwww.zanzibarbeach.com

www.fairmontpalmresidence.com

www.lagunatower.com www.abadiyahhills.com www.pinecliffs.com

www.ifahotelsresorts.com

www.ifahotelsresorts.com

www.lagunatower.com

www.fairmontzimbali.com

Prestigious waterfront living on thetrunk of The Palm Jumeirah

The ultimate in luxury branded lifestyleproperty on The Palm Jumeirah

Offering luxury beachfrontaccommodation on The Palm Jumeirah

Unique homes in an unrivalled settingon the eighth wonder of the world

An iconic waterfront residentialdevelopment at The Jumeirah Lake

Towers, Dubai

An innovative property investmentvehicle that combines hotel

ownership with a guaranteedreturn in central Dubai

A stylish new branded residentialand resort development in the hills

above Beirut

Southern Europe's leading integratedresort development

A holidaymaker's paradise, wherethe biggest decision is just how

relaxing to make each day

Meaning ‘Valley of Flowers’, Zimbaliis a sprawling tropical coastal

residential and resort estate in Kwa-Zulu Natal, South Africa

The first Fairmont Hotel in SouthAfrica set within the luxury confines

of the Zimbali Resort

The easy way to get afloat without theexpense and responsibility of big boatownership, the IFA Yacht Ownership

Club is your passage to adventure

www.ifahotelsresorts.com www.yotel.comwww.zimbalilodge.co.za

www.luxurycollection.com

One of South Africa's mostexclusive hideaways

Luxurious and stylish hotel set at the heartof the prestigious Pine Cliffs Resort,

Portugal with stunning views and a 1kmpristine private beach

An innovative new hotel concept, setto change the hospitality industry

Offering world class services toassist tourists and business travellers



The Palm Jumeirah, Dubai

LUXURY & LO C ATIO N

The Palm Golden Mile, Dubai

The Fairmont Palm Hotel & Resort, Dubai

Mövenpick Hotel & ResidenceLaguna Tower Dubai

The Fairmont Palm Residence, Dubai



Alabadiyah Hills, Lebanon

Zimbali Coastal Resort, South Africa

Pine Cliffs, Portugal

Fairmont Zimbali, South Africa

Zanzibar Beach Hotel & Resort, Tanzania

IFA Yacht Ownership Club



09

O UR SERVIC ES

IFA Hotels & Resorts is able to outsource its specialist services

to other developments around the world.

Asset Management

The department is responsible for

the development and asset

management of IFA Hotels &

Resorts’ hotel and resort portfolio.This includes identifying and

coordinating the development of

new projects, and asset managing

the company's existing resorts, in

order to maximise the long-term

value of the properties.

The department actively asset

manages the company's resorts,on behalf of IFA Hotels & Resorts

and its partners, working together

with leading international

management companies. In this

way, the department acts as the

Owner's representative dealing

with the everyday administration

of hotel ownership, as well as the

long-term strategic management

of IFA Hotels & Resorts’

property portfolio.

The department is also able to

provide third party asset

management services in an

independent, professional capacity.

Services offered:

• Feasibility analysis

• Acquisition and development

• Capital structuring

• Management contractnegotiation

• Operator selection

• Capital improvement planningand monitoring

• Budget negotiation and review

• Sales and marketing review

• Performance analysis,benchmarking and reporting

• Internal valuations

• Contract administration

• Risk management andlegal compliance



10

Sales & Marketing

IFA Hotels & Resorts offers external

sales and marketing services for

developers seeking access to

international exposure andstrategic positioning.

IFA Hotels & Resorts can develop

new market sectors on behalf

of other developments, by

leveraging our solid platform and

client base, which has been

created globally through our

existing sales projects.

The strategic planning and

execution encompasses all BTL

and ATL campaigns, all PR

activities, financial planning, sales

driven campaigns and pricing

of developments, facilitating

partnerships and joint venture

alliances, and maximising market

share in established and new

economic sectors.

Services offered:

• Brochure design

• Sales & marketing strategy

• Market research and customerprofile analysis

• Press consultancy

• Global and regionalpress strategies

• Establishing payment terms

and discount policies

• Central reservation and leadfollow ups

• Lead generation initiatives

• Re-sales

• Pricing strategy for newand existing projects

The department is responsible for

the design, development and

master planning of IFA Hotels &

Resorts’ international hotel andresort portfolio. This includes

collaborating with and project

managing a large team of external

advisors and contractors to create

outstanding resorts, synonymous

with IFA Hotels & Resorts’

reputation for delivering high-

quality, world-class developments.

The department consists of a team

of design and construction

specialists with international

experience, developing a range of

branded city and resort-themed

hotels.

The department has considerable

resources and experience to assist

hotel investors and developers

to successfully execute large-scale developments, taking

projects from concept through to

completion on time and to budget.

Services offered:

• Design review andconcept supervision

• Resort master planning

• Project management• Construction management

• Budget review

• Budget approval

• Monitoring and reporting

• Systems and proceduresimplementation

• Risk management andlegal compliance

Design, Development & Master Planning



11

O U R PRO D U C TS

IFA Hotels & Resorts

Throughout all of our hotel and

resort developments, we ensure

our guests, owners and members

enjoy the very best at all times.

IFA Hotels & Resorts has embarked

on a mission to seek out premium

hotel brands and to secure working

partnerships with these brands at

their chosen properties, located in

key market destinations all over

the world.

World class hospitality operators

provide core services from

management to rentals, in the

tourism and resort sectors, through

a variety of investment products

and developments.

IFA Hotel Ownership

The concept, IFA Hotel Ownership,

allows investors to own a freehold,

branded hotel residence, operated

in a rental pool by a brandedoperator, with the potential of a

guaranteed return on investment

during the initial years of

operation. Thereafter, the owner

receives 50% of the pooled rooms

revenue from the hotel. Owners

also enjoy complimentary usage

and discounts and entitlements at

other Hotels & Resorts worldwide.

This ‘deeded’ investment product

ensures the client owns a property

that traditionally appreciates.

IFA Vacation Ownership

IFA offers clients the opportunity

to guarantee vacation weeks at

their preferred resort by opting for

fixed or flexible weeks based on theIFA Vacation Ownership product.

As well as having guaranteed

vacation time for the next 30 years

at their preferred IFA resort, clients

will still have an option to spend

vacations elsewhere within the IFA

collection.

Currently IFA Vacation Ownershipweeks are available at the Sheraton

managed Pine Cliffs Country Club

in the Portuguese Algarve and in

the near future Fairmont Crescent

Palm Hotel & Resort in Dubai’s

Palm Island Jumeirah.

IFA Fractional Ownership

Fractional Ownership combines all

the benefits of a lifestyle product,

with the added benefit of a

financial investment, in selectedIFA properties.

This ‘deeded’ ownership product

ensures that clients have an asset

that increases in value over time,

can be sold, rented and inherited as

any fully owned property as well as

being able to use the property for a

guaranteed time year after year.

Fractional Ownership interests will

be available at Fairmont Heritage

Place Zimbali in South Africa and

Fairmont Heritage Place Palm

Crescent on Dubai’s Palm Island.



12

IFA Hotels & Resorts is diversifing its vacation products offering a boutique collection of hospitality

focused property developments. In order to achieve its objectives, IFA Hotels & Resorts is providing

a variety of products to suit its clients’ vacation requirements at any time or in any situation.

IFA Lifestyle MembershipClubs

IFA Hotels & Resorts offers

clients luxury long-term vacation

experiences through credit based

club membership programmes. IFA

Lifestyle Membership Clubs offer

the ultimate flexibility to obtain a

luxurious leisure lifestyle without

the often prohibitive capital,

maintenance and management costs

of full time ownership of vacation

property or luxury yachts.

Through the IFA Vacation Club,

members have access to 3,800

holiday resorts in five continents. IFA

Yacht Ownership Club members

take full advantage of the benefits of

luxury yacht fleet ownership without

the worries, costs and constraints of

full time ownership.

IFA Residences

IFA Hotels & Resorts is developing

the world's leading residential

properties, supported by branded

hospitality services.

This powerful combination

provides investors with peace of

mind that their properties are

being managed to an international

standard, with the potential for

rental return opportunities. With a

wide range of units ranging from

studies, apartments, villas,penthouses and townhouses, each

unit is individually designed to the

highest quality. Whether within a

resort or urban environment, IFA

Residences provides quality living

within a luxury environment.

IFA Travel & Tourism

In line with its commitment to

offering world class services,

IFA Travel & Tourism has been

formed to assist tourists and

business travellers alike with

all arrangements.

IFA Travel & Tourism offers the

following services:

• 24/7 customer service

• Complimentary courierservices within Kuwait & UAE

• 24/7 meet & assist servicesprovided at Kuwait & DubaiInternational Airports

• Air charters

• Special corporate airline, hoteland car rental rates

• Travel insurance arrangements

• Special meetings, conferencesand events management

• Worldwide customer care

programme with ourInternational partners



13

STRATEG IC PARTN ERS

Nakheel

IFA Hotels & Resorts has entered

into a joint venture with Nakheel,

and is now the single largest

investor on The Palm Jumeirah,

Dubai.

Nakheel is the uniquely focused

property development company

behind a variety of new landmark

property developments in Dubai

and aims to redefine the concept of

property development.

Nakheel's portfolio currently

includes The Palm, The World,

Jumeirah Islands, The Gardens, The

Gardens Shopping Mall, Jumeirah

Lake Towers and International City.

www.nakheel.ae

IFA Hotels & Resorts has entered

into a strategic alliance with

Kingdom Hotel Investments (KHI) to

develop leading international resorts

throughout Europe, the Middle East

and Africa.

KHI was established in March 2000

to consolidate the Middle East hotel

portfolio of His Royal Highness

Prince Alwaleed Bin Talal Bin

Abdulaziz Al Saud. HRH Prince

Alwaleed is the Chairman of the

Board of KHI. Mr. Jassim Al Bahar is

also a board member. KHI has a

portfolio of 26 hotels, 15 of which

are operational, representing assets

in excess of US$1 billion.

www.kingdomhotels.com

Istithmar

IFA Hotels & Resorts formed a 50-50

joint venture with Istithmar to

develop The Palm Golden Mile.

Istithmar is a major investment

house based in the United Arab

Emirates focusing on private equity,

real estate and other alternative

investments. To date, Istithmar has

invested in 33 companies and

deployed approximately US$1 billion

(AED 3.7 billion) in equity capital

investment.

Istithmar forms part of The

Corporate Office comprising Dubai's

Ports Customs & Free Zone

Corporation (PCFC) and Nakheel.

www.istithmar.ae

Moreland

In an initial investment of

US$10m, IFA Hotels & Resorts

acquired a 50% equity stake in the

renowned Zimbali Coastal Resort

in the KwaZulu-Natal region, north

of Durban, South Africa.

The joint venture that was

formed - namely Moreland/IFA

Resort Developments - is along

with Moreland Developments,

a property subsidiary of the

Tongaat-Hulett Group, a major

South African company that is

listed on the Johannesburg Stock

Exchange and the London Stock

Exchange, with US$1.1 billion in

assets and 9,100 employees.

www.moreland.co.za

Kingdom Hotel Investments



14

RCI Middle East

Resort Condominiums International

(RCI) Middle East is a strategic

partner of IFA Hotels & Resorts,

through its development of high

end vacation ownership products.

RCI is the global leader in vacation

property exchange with a

worldwide network of 3,700

affiliated resorts and is also a

subsidiary of Cendant Corporation,

the world's largest travel company

and leader in hotels, car rental, and

timeshare and travel distribution.

Cendant franchises the Ramada and

Travelodge hotel brands in the

United States and Canada, and Days

Inn, Howard Johnson, Wingate Inn

and Super 8 brands worldwide.www.rci.com

UIP

United Investments Portugal (UIP)

is one of the IFA Hotels &

Resorts consortium members and

developed the luxury Sheraton

Algarve Hotel that forms part of

the Starwood Luxury Collection.

UIP was the original force behind

the creation of IFA Hotels &

Resorts flagship operation, the Pine

Cliffs Resort, which comprises

some 70 hectares with golf course

and a 215 room Sheraton Algarve

and Pine Cliffs Vacation Club.

www.pinecliffs.com

Savills

IFA Hotels & Resorts has created

an exclusive sales and marketing

association with Savills, one of

the world's leading residential

marketing and sales consultants.

The association covers the Middle

East, Indian Sub-Continent and

selected African countries.

Savills is the trading name for

the principal property services

subsidiaries of Savills plc which has

a full listing on the London Stock

Exchange. Founded in 1855, the

business is one of the leading

international property consultants

and real estate agents in the world.

www.savills.com

IFA Hotels & Resorts prides itself on having a diverse selection of world class strategic investmentpartners who have become jointly involved in the expansion of our resorts globally. By aligningourselves with strong partners, our projects enjoy solid financial security, as well as being able todeliver end user products to the highest possible standards in all parts of the world.



15

STRATEG IC PARTN ERSH O TEL & RESO RT O PERATO RS

Fairmont Hotels & Resorts

IFA has entered into a strategic

alliance with Fairmont Hotels &

Resorts to develop leading

international resorts throughout the

world.

Fairmont Hotels & Resorts is

one of North America's leading

owner/operators of luxury hotels

and resorts. Fairmont Hotels &

Resorts' managed portfolio consists

of 83 luxury and first-class

properties with more than 33,000

guestrooms in the United States,

the United Kingdom, Canada,

Mexico, Bermuda, Barbados and the

United Arab Emirates.

www.fairmont.com

Sheraton Hotels & Resorts

As part of Starwood Hotels &

Resorts, Sheraton has managed the

Sheraton Algarve for over a decade

and is one of IFA Hotels & Resorts

longest serving business partners.

Starwood is one of the world's

largest hotel and leisure

companies. The Company conducts

its hotel and leisure business

both directly and through its

subsidiaries. The Company's brand

names include Sheraton, Westin,

The Luxury Collection, St. Regis, W

and Four Points by Sheraton.

Through these brands, Starwood is

well represented in most major

markets around the world.

www.sheraton.com

Mövenpick Hotels & Resorts

Mövenpick Hotels & Resorts and

IFA Hotels & Resorts have formed

a worldwide partnership to

develop and operate Mövenpick

Hotels and Residences globally,

starting with the development of

the Mövenpick Hotel & Residence

Laguna Tower Dubai.

Mövenpick Hotels & Resorts is an

international Swiss premium hotel

chain active in the 5-Star resort

hotel and 4-Star business/airport

hotel markets. With 52 hotels

and 12,331 rooms in 18 countries,

it serves over 3.5 million guests

per year.

www.movenpick-hotels.com



16

IFA Hotels & Resorts has aligned itself with strong strategic partners for the operations of its resorts, to ensure thatthe highest possible standards are delivered to our clients. Our global strategy is to have strong operators in placeat all of our properties, to provide a defining experience for both tourist, family, holidaymaker and investor alike.

Kempinski

Kempinski is the preferred operator

of choice by IFA Hotels & Resorts tomanage the prestigious Alabadiyah

Hills residential development in

Lebanon. Founded in Germany over a

hundred years ago, Kempinski has

long reflected the finest traditions of

European hospitality.

Today, Kempinski comprises over 45

properties in Europe, the Middle East,Africa, Asia and South America,

boasting the oldest luxury collection

in the world. The Kempinski

collection includes hotels in the grand

manner, pace-setting modern

establishments and older hotels of

individual charm.

www.kempinski.com

Sun InternationalIFA Hotels & Resorts, Kersaf and

Sun International (SI) have signed acollaboration agreement regarding

future developments, covering the

Middle East and Africa. By separate

agreement, IFA Hotels & Resorts

has appointed Sun International as

the manager of Zimbali Lodge.

Africa's most significant tourism

and leisure group, Sun International,was incorporated in 1983 and is

listed on The Johannesburg Stock

Exchange. The group's operations

include resorts and luxury hotels in

South Africa, Zambia, Botswana,

Namibia, Lesotho and Swaziland.

www.suninternational.co.za



17

C H AN G IN G TH E

H O TEL IN D USTRY

YotelIFA Hotels & Resorts has acquired a

majority stake in Yotel, the world'smost radical hotel concept. The long

awaited Yotel concept is set to

change the hospitality industry and

will be developed throughout the

world in prime city centre and

airport locations. Two hotels are

planned to open in 2006 at Heathrow

and Gatwick. A third hotel is planned

to open in central London in 2007while international sites are also

under negotiation.

With the signature YO! formula of

innovation and entertainment, the

Yotel concept uses the language of

airline travel and offers a business

class experience.

www.yotel.com



18

M AN AG EM EN TTH E TEAM

Board Members

Talal Al Bahar Chairman & Managing Director

Abdulwahab Ahmed Al-Nakib Vice Chairman

Abeyya Ahmed Al-Qatami Director

James Wilson Director

Talal Badr Al Bahar Director

Executive Management

Werner Burger President & Chief Operating Officer

George Khoury Senior Vice President - Design and Development

Mark Doucet Vice President - Legal Affairs

Michael Keats Vice President - Human Resources

Piaras Moriarty Vice President - Vacation Ownership

Numan M. Numan Vice President - Finance and Administration

Patrick Smith Vice President - Asset Management

Phillip de Sylva Vice President - Acquisitions & Developments (Africa & Indian Ocean)

Senior Management

Omar Bibi Marketing Director

Wayne Holder Director of Re-Sales

Kit James Director of Sales

Tony Jkayem Executive Manager

John Lobo General Manager - IFA Travel & Tourism



KuwaitTel: + 965 249 0218

Fax: + 965 249 0219

Email: [email protected]

DubaiTel: + 971 4 391 2022

Fax: + 971 4 366 4644


Toll free: 800 4322

United KingdomTel: + 44 207 224 0759

Fax: + 44 777 565 1758


BeirutTel: + 961 1 612 590

Fax: + 961 1 612 595


Call Centre: +961 1 422590

ZanzibarTel: + 255 747 417784

Fax: + 255 747 417785


South AfricaTel: + 2732 538 1988

Fax: + 2732 538 1986


PortugalTel: + 351 289 500 377

Fax: + 351 289 500 311


IFA O FFIC ES

19

If a Corp Brochure Feb 06

Documents

Transcript of If a Corp Brochure Feb 06