Sunday, 22 October 2017 02:56 GMT
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IFA and Tijara unveil $50m vacation club

(MENAFN - Khaleej Times) The $50 million joint venture brings together two significant hospitality forces in the middle east.

dubai — international hotel and real estate developer ifa hotels & resorts has joined forces with kuwait-based tijaria to launch their first-ever vacation club business. the announcement was made on the opening day of the arabian hotel investment conference.

the $50 million joint venture brings together two significant hospitality forces in the middle east.

talal al bahar chairman and group ceo of ifa hotels & resorts believes the club fills a gap in the current market.

“the aria vacation club is the first middle eastern-backed vacation club with the capacity to dominate markets in the mena south-east asia europe and north america. we have done our research and have addressed previous barriers to this market” he said.

“we have a number of wold-class assets in our stable a proven executive team in place the capacity to leverage the region’s most comprehensive consumer finance solution and a well-respected jv partner in tijaria. we are extremely happy that tijaria has partnered with us on aria.”

these fundamentals combined with ifa hotels & resorts’ ownership interest in rci middle east puts the aria vacation club in a position to build the strongest collection of exchange partnerships in the mena and south-east asia and to capitalise on its first-mover advantage in dubai.

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IFA and Tijara unveil $50m vacation club