Jun 23 2010 |
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IFA Hotels & Resorts Introduces Kempinski Residences in Alabadiyah Hills
Beirut: IFA Hotels & Resorts (IFA HR) , a global developer of premium mixed-use hotel and residential resort projects, has introduced the second phase of its branded freehold resort in Lebanon - Alabadiyah Hills, a joint venture with Kuwait Real Estate Company.
Situated in one of the Middle East's most sought-after vacation destinations, overlooking the city of Beirut and the Mediterranean Sea, the Kempinski Residences Alabadiyah Hills will initially comprise 66 luxury apartments within an idyllic mountainside resort between Bhamdoun and Aley, just 30 minutes from Rafik Hariri International Airport.
Piaras Moriarty, Vice President, Client Management - Middle East, IFA Hotels & Resorts stated: "The launch of Kempinski Residences Alabadiyah Hills is an example of IFA Hotels & Resorts ' proven commitment to Lebanon. We believe Lebanon is as a strong market for five-star hospitality initiatives, which is why we are delighted to be working in concert with Kuwait Real Estate Company as our co-shareholder and Kempinski Hotels as our operator for Alabadiyah Hills."
Surrounded by lush greenery, with restaurants, an infinity swimming pool, gymnasium and world-class spa just steps away, Kempinski Residences Alabadiyah Hills will offer five-star living at its best. In fact, owners can reap the benefits of this renowned hotelier even when they are not in residence by choosing to have their apartment rented out by the operator and enjoying the subsequent financial returns.
The partnership reinforces IFA HR 's strategy to collaborate with the biggest and most respected names in the hospitality business, ensuring that it brings the highest hospitality standards to the freehold property sector. It is also in line with the company's mission to deliver an outstanding international network of tourism and real estate opportunities to global investors.
Emad Al-Essa, General Manager, Kuwait Real Estate Company, said, "We anticipate a positive response to this phase of the development. There are lucrative real estate development opportunities to be found in Lebanon and these opportunities, combined with the country's pleasing climate, natural beauty and historical significance, continue to propel it to the forefront of the region's tourism investment industry."
Moriarty concluded: "With preparations underway for the year-end handover of Alabadiayh Hills Phase 1, in which only a few villas and townhomes are still available, now is the perfect time to come to market with Phase 2. The initial design generated much interest; however, we have subsequently improved the design to maximize the views of Beirut. Every apartment now features a Beirut view and most also benefit from improved layouts and mountain views to the back. With all it has to offer, there is no doubt that Kempinski Residences Alabadiyah Hills will become the ideal place to own a second home in the Middle East."
-Ends
About
IFA Hotels & Resorts
IFA Hotels & Resorts
is a leader in real estate development, specialising in premium mixed-use hotel and tourism resort projects throughout the Middle East, Europe, Africa, Asia, North America and the Indian Ocean region.
IFA Hotels & Resorts
offers exclusive branded residential, resort and hotel properties in exotic locations, with sound appreciating investment opportunities including hotel condominiums, vacation clubs and private residence clubs. IFA Hotel & Resorts' current portfolio consists of 46 projects in total, of which 18 are hotels, with over 11,500 keys across 12 countries in four continents. www.ifahotelsresorts.com
© Press Release 2010
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