IFA’s Mövenpick Hotel & Residence Laguna Tower Dubai guarantees 8% annual income

IFA Hotels & Resorts, a wholly owned subsidiary of Kuwait’s International Financial Advisors has launched its hotel ownership program with sales of its first internationally branded hotel residence project in Dubai, the Mövenpick Hotel & Residence Laguna Tower Dubai.

The Mövenpick Hotel & Residence Laguna Tower Dubai will be managed by the Swiss hotel chain Mövenpick Hotels & Resorts, following the formation of a partnership between IFA Hotels & Resorts and Mövenpick Hotels & Resorts to identify and develop hotel residence projects throughout the Middle East in addition to Europe, India, Asia and Africa, for additional opportunities of this new branded investment product.

IFA has developed an innovative property investment vehicle that combines ownership with a guaranteed minimum return and strong capital growth potential. This concept allows investors to buy a fully furnished, five-star branded hotel residence, with rental pool system to give the owner the security of a guaranteed return of 8% per annum for the first 3 years plus 30 days complementary use per year, all managed by a five star international hotel operator.

“The introduction of the Mövenpick Hotel & Residence Laguna Tower Dubai ownership program confirms our commitment to offering world class resort developments for different segments of the international market. Our continued strategy of forging strong partnerships with world-class hotel companies is seen in our agreement with Mövenpick Hotels & Resorts, to ensure that we continue to bring the highest levels of hospitality standards to the industry,” said Werner Burger, President & COO, IFA Hotels & Resorts.

Hotel residence ownership reduces the risk in owning, managing and renting a property and it offers buyers peace of mind, as well as the means to be a part of Dubai’s two biggest growth industries – hospitality and property.

“IFA’s new ownership program represents a unique opportunity for mid-tier investors to participate in hotel ownership, which has previously been the domain of high net-worth individuals. The hotel residence model is well established in more mature hotel markets such as the US and South Africa, however we are seeing an emergence of this type of product coming into the region. Investing in this type of programme is an attractive alternative for investors wishing to diversify their residential and commercial property portfolios, with the added benefit of getting some personal usage out of the investment”, commented Patrick Smith, Vice President Asset Management, IFA Hotels & Resorts.

Mövenpick Hotel & Residence Laguna Tower Dubai, which comprises private residences as well as 120 hotel rooms, provides all the comforts and amenities synonymous with a world-class development. Built in a commanding location, the modern designed 40-storey Tower gives several apartments and hotel rooms’ splendid lake and sea views, as well as landscaping, children’s play area and direct access to waterside walkways. State-of-the art technology will provide residents and visitors with “smart” living and the Tower will incorporate a health club, gymnasium, swimming pool, jacuzzi, elegant reception area, 24-hour security and basement parking, in addition to a range of Mövenpick-operated restaurants and retail outlets.

See other recent news regarding: Dubai