IFA HOTELS & RESORTS
Listed on the Kuwait Stock Exchange, IFA Hotels & Resorts (IFA HR) is a worldwide leader in the development of mixed-use hotel and residential resort projects as well as luxury leisure services. The company’s main shareholder is Kuwait-based International Financial Advisors and it currently has a market capitalization exceeding $US1billion.
With a significant global footprint of premium vacation and residential destinations in place, the current focus of IFA HR is two-fold. Firstly, to maintain its core businesses in existing markets by delivering superior products to customers; and, secondly, to drive expansion across developed markets by leveraging its YOTEL brand.
In addition, IFA HR will continue to evaluate emerging markets for strategic acquisitions and partnerships that diversify and expand its existing portfolio in the Middle East, Europe, Africa, the Indian Ocean, Asia and North America.
To enrich its understanding of the markets in which it operates, IFA HR enters into strategic alliances and joint venture partnerships with leading local companies such as Kingdom Hotel Investments (Saudi Arabia), Istithmar (UAE), United Investments Portugal, RCI (part of Cendant), Tongaat-Hulett Developments (South Africa) and Related (United States).
In 2010, as many of the company’s projects moved from construction to completion, IFA HR created IFA Hotel Investments (IFA HI) to provide strategic direction to its operational assets and expand its portfolio within the hospitality industry. IFA HI encompasses and leads, on a worldwide scale, IFA HR’s operational asset portfolio including its hotels, hotel condominiums, commercial, retail and food and beverage ventures. IFA Hotel Investments also oversees the IFA Collection, which manages the company’s private residence clubs and vacation ownership products.
Visit the IFA Hotels & Resorts website for more information.