IFA Hotels & Resorts Reports 11.4 Fils Loss In First Half Year

IFA Hotels & Resorts (IFA HR) today announced the company’s 1st half year results with a loss of KD 4,968,422 million (US$ 17,372,712 million). Shareholders’ equity of KD 66,129,532 million (US$ 231,230,225 million) compared to KD 66,893,521 million (US$ 244,851,834 million) for the same period last year. The company’s total assets have increased 18% to KD 393,147,155 million (US$ 1,374,688,468).

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Industry Experience Wins The Day As IFA Hotels and Resorts Choose Merlin Software To Manage Its Fractional Residence Clubs And Inter-resort Exchange Facility

IFA Hotels and Resorts, an international leader in the development of premier mixed-use hotel and tourism projects, announces the appointment of Merlin as software provider for its fractional residence clubs. IFA Hotels and Resorts, with its main operating office in Dubai, is listed on the Kuwait and Johannesburg stock exchanges and provides world-class facilities through a network of hotels, vacation and private residence club destinations.

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In Thailand IFA Hotels & Resorts Launches Private Residence Clubs

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.

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The Registry Collection Unveils Three New Luxurious Resorts In Thailand As It Partners With IFA Hotels & Resorts And Raimon Land

The Registry Collection® exchange program, the world’s largest luxury exchange program and one of the Wyndham Worldwide family of brands (NYSE: WYN), today announced the addition of three private residence clubs to its worldwide network. Each of the three private residence clubs developed by Raimon Land are located in Thailand…

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Over US$ 100 Million In Sales Achieved In 6 Months By IFA Hotels & Resorts

IFA Hotels & Resorts (IFA HR) announced it has achieved over US$100 million in sales for the first six months of 2009 through its global network across the Middle East, Europe, Africa and Asia. Werner Burger, President & COO of IFA HR said: “This is a unique achievement given the…

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Premier Properties Join The Registry Collection

The Registry Collection – the world’s leading luxury property exchange programme – is delighted to announce two new affiliations to its portfolio. IFA Hotels & Resorts signed an agreement with the exclusive, by invitation only, programme, affiliating six of its IFA Collection properties in Dubai, Zanzibar, Portugal and South Africa,…

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IFA Travel & Tourism In Joint Venture With Wings Corporate Travel

IFA Travel & Tourism (IFA TT), a subsidiary of IFA Hotels & Resorts (IFA HR), a leading travel and tourism company, announced its joint venture partnership with Wings Corporate Travel (Wings) for the Middle East and North Africa. The JV partnership will fully-integrate and standardize the corporate travel market with…

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IFA Hotels & Resorts Appoints DCC As Main Contractor For Phase 1 Of The Kingdom Of Sheba Resort

IFA Hotels & Resorts (IFA HR) appoints Dubai Contracting Company (DCC) as the main contractor for the first phase of its Kingdom of Sheba resort. The value of the construction contract is in excess of AED 1 billion. Phase one of the resort includes the residential component, Balqis Residence, and…

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The Registry Collection® Program Adds IFA Hotels And Resorts’ Exclusive New Vacation Club As Its Newest Affiliate

(left to right) Shafi Syed- Business Development Director, Group RCI, Piaras Moriarty- VP Vacation Ownership, IFA Hotels & Resorts, Geoff Ballotti- CEO, Group RCI, Talal Al Baras- Chairman & Managing Director, IFA Hotels & Resorts , Nick Turner- Managing Director Middle East, Group RCI IFA Hotels & Resorts has affiliated…

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SPI And IFA Hotels & Resorts Sign Enterprise Software Deal

IFA Hotels & Resorts (IFA HR) recently announced plans to implement Systems Products International (SPI) enterprise software throughout its mixed use products and network of branded residential properties, vacation ownership, fractional ownership and lifestyle membership clubs. SPI software will manage IFA HR’s marketing and sales operations, owner services and accounting,…

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