15 October 2009: IFA HOTELS & RESORTS LAUNCHES PRIVATE RESIDENCE CLUBS IN THAILAND
IFA Hotels & Resorts (IFA HR) announced today the launch of three new Thai-based Private Residence Clubs: The Heights Private Residence Club in Phuket, Northpoint Private Residence Club in Pattaya and The River Private Residence Club in Bangkok. The Clubs are developed by luxury condominium developer Raimon Land in which IFA HR has a 41.07% stake.
October 15, 2009 12:00 by Aarti Nagraj
15 October 2009
IFA HOTELS & RESORTS LAUNCHES PRIVATE RESIDENCE CLUBS IN THAILAND
Dubai: IFA Hotels & Resorts (IFA HR) announced today the launch of three new Thai-based Private Residence Clubs: The Heights Private Residence Club in Phuket, Northpoint Private Residence Club in Pattaya and The River Private Residence Club in Bangkok. The Clubs are developed by luxury condominium developer Raimon Land in which IFA HR has a 41.07% stake.
Werner Burger, President and COO of IFA HR said: “Our strength lies in our proven ability to create products that meet a wide range of client needs in a number of sought-after destinations. Working with Raimon Land to add three Private Residence Clubs to our Thai portfolio takes us beyond our existing foothold in the residential sector and further expands our lifestyle product offering in Asia, a key market in our global development strategy.”
Each home within the Private Residence Clubs is divided into saleable fractions of 1/13th. This fraction entitles owners to enjoy a minimum of 21 days per year at the Club in which they purchase as well as unlimited use of space available time. Additionally, owners will have access to a greater network of properties through the IFA Collection and The Registry Collection program. Ownership is in perpetuity and can be sold at any time.
Private Residence Clubs represent the top tier of Fractional Ownership products and are among the fastest growing sectors of the real estate and hospitality industries. It is an innovative form of ownership that appeals to those who want the security and advantages of an equity-based private club along with the benefits of owning luxuriously appointed, prime real estate.
Hubert Viriot, Chief Executive Officer of Raimon Land said: “The design, implementation and launch of Private Residence Clubs presented a unique opportunity to diversify our portfolio without diluting our focus on luxurious residential experiences. We also had the benefit of working closely with our major shareholder IFA Hotels & Resorts who have successfully developed and sold a variety of investment and lifestyle products around the world, including several Private Residence Clubs within the IFA Collection.”
The IFA Collection consists of a luxury portfolio of international properties developed by IFA Hotels & Resorts, an international specialist in the development of mixed-use resorts
Piaras Moriarty, Vice President Client Management with IFA HR, said: “Owners in the Clubs will have access not only to their selected property in Thailand, but can also exchange their days for access to over 160 properties through the IFA Collection and The Registry Collection program. Likewise, the addition of these Private Residence Clubs provides our IFA Collection clients access to three great new vacation options in Thailand.”
Each of the Thai Private Residence Clubs offers a sanctuary of elegance and sophistication specifically created to cater to the desires of its owners, which have been designed, constructed and finished by the very best award-winning teams in Asia and are furnished and equipped to the highest international standards. Owners also enjoy unparalleled service when in residence with dedicated staff available to pre-stock kitchens, book leisure excursions or make dining reservations and arrange babysitters, laundry, transportation and even a private chef when required.
“We are extremely excited by the expansion of the IFA Collection into Asia and by the addition of the Raimon Land developed resorts,” said Geoff Ballotti, President and CEO, Group RCI. “IFA Hotels & Resorts and Raimon Land and are synonymous with quality and these three extraordinary properties offer the level of luxury vacation experience we aim to deliver to our members through The Registry Collection program.”
The Heights Private Residence Club – IFA Collection in Phuket is nestled atop the hillside above Kata Beach with stunning views of the Andaman Sea. The units have large open terraces, expansive living areas, and the seamless spill-over of indoor into outdoor spaces. A wide range of recreational choices are available at the club house, including a fitness centre, a free-form infinity pool, lap pool, kid’s pool sun deck and Jacuzzi – a culmination of visionary island-living.
The River Private Residence Club – IFA Collection in Bangkok will offer an unrivalled choice of condominiums, lofts and penthouses in two unique and iconic towers along the Chao Phraya. Facilities include state-of-the-art fitness centres, sky gardens, riverfront infinity pool and 50-meter lap pool complete with superb dining and entertainment experiences on the riverfront podium and terrace.
Northpoint Private Residence Club – IFA Collection in Pattaya soars above the sands of prestigious Wong-Amat Beach with easy access to world class amenities, a wide variety of recreational and entertainment choices, and over 20 championship golf courses. The Point features an exceptional mix of residences from 1-3 bedroom luxury units to breathtaking duplexes and penthouses.