Joe Sita (left), CEO of IFA Hotel Investments with Bespoke Hotels International’s Nick Turner (right)
Dubai, United Arab Emirates, 24 March 2016: IFA Hotel Investments is delighted to announce its MEA alliance with Bespoke Hotels International, bringing a new and innovative hotel management & holiday homes venture to the region. The new business will roll out Bespoke Hotels’ leading brands within the GCC with further plans for the wider region.
Bespoke Hotels’ MEA operation will provide independent hotel owners, developers and seasoned guests in the Middle East and Africa with a choice of exciting hotel and residential brands. The industry will benefit from the flexibility, scale, distribution and high quality management services associated with Bespoke, alongside the award-winning and sophisticated lifestyle brand, Hotel Gotham, for prime city and beachfront locations.
With its Bespoke Residences brand, Bespoke Hotels MEA will become the first internationally backed brand to enter into Dubai’s newly formed Holiday Homes sector. Partnering with IFA’s sizeable presence within the facilities management market, which focuses on servicing mixed use developments, hotels and over 3,000 residential units, the new venture will be ideally poised to make a significant difference to the residential short term letting market.
Moreover, the venture will include a 103 key, deluxe serviced apartment structure within one of IFA Hotels & Resorts’ projects on Palm Jumeirah. The new Bespoke Hotels MEA region will also see the further expansion of the serviced apartment model, which has proven to be of increasing popularity across the region in recent years.
IFA Hotel Investments (IFA HI) forms part of IFA Hotels & Resorts (IFA HR), a worldwide leader in the development of hotel and residential resort projects, with operations extending across the Middle East, Europe, Africa, North America, and the Indian Ocean. IFA H
Boasts a portfolio of 19 developments worldwide, alongside a successful track record working with a range of notable hotel brands, including the Yotel, Movenpick, Fairmont, Four Seasons, and Starwood groups.
Joe Sita, CEO of IFA HI, commented, “We are delighted to be teaming up with Bespoke Hotels International to create the new Bespoke MEA region as we continue to expand and diversify our hotel and residential international portfolio. We have long admired their existing operations, and were eager to join forces upon learning of their intention to enter the market not only in Dubai but in the wider Middle East and African region.”
Nick Turner, MD of Bespoke Hotels International, added “IFA HR have been one of the foremost hospitality investment groups in the MEA region for some time, so entering into such an alliance is immensely beneficial for Bespoke. We are delighted to have reached an agreement in order to create a new MEA region for Bespoke Hotels and a robust management platform to offer real choice to a growing number of hotel and residential owners. In turn, we also hope to bring a dash of British charm to proceedings.”
For review, information and imagery for IFA Hotel Investments or IFA Hotels & Resorts please contact:
email@example.com +971 (4) 4478282
IFA Hotel Investments
North Residence, Palm Jumeirah
P.O. Box 502164
Dubai - UAE
About IFA Hotel Investments
IFA Hotel Investments (IFA HI) is a wholly owned subsidiary of publically listed IFA Hotels & Resorts. IFA HI’s role is to lead, on a worldwide scale, IFA Hotels & Resorts’ operational asset portfolio including its hotels, hotel condominiums and other commercial ventures. IFA Hotel Investments also oversees the company’s private residence clubs and vacation clubs, including its newest venture in this arena – Aria Vacation Club. IFA HI focuses mainly on assets in emerging markets; an area in which the company has an advantage through applying IFA HR’s proven formula of asset class diversification. Leading similar expansion efforts in developed markets is YOTEL, the world’s most radical hotel concept, in which IFA HR has a majority stake and which IFA HI oversees.