IFA Hotel Investments have inked a deal with Bespoke Hotels International to bring a new management and holiday homes venture to the region. The new business will roll out Bespoke Hotels’ leading brands within the GCC with further plans for the wider region.
Bespoke Hotels’ MEA operation will provide independent hotel owners, developers and seasoned guests in the Middle East and Africa with a variety hotel and residential brands.
With its Bespoke Residences brand, Bespoke Hotels MEA will become the first internationally backed brand to enter into Dubai’s newly formed holiday homes sector. Partnering with IFA’s presence within the facilities management market, which focuses on servicing mixed use developments, hotels and over 3,000 residential units, the new venture will be ideally poised to make a significant difference to the residential short term letting market.
Moreover, the venture will include a 103 key, deluxe serviced apartment structure within one of IFA Hotels & Resorts’ projects on Palm Jumeirah. The new Bespoke Hotels MEA region will also see the further expansion of the serviced apartment model, which has proven to be of increasing popularity across the region in recent years.
IFA Hotel Investments (IFA HI) forms part of IFA Hotels & Resorts (IFA HR), a worldwide leader in the development of hotel and residential resort projects, with operations extending across the Middle East, Europe, Africa, North America, and the Indian Ocean. IFA HI Boasts a portfolio of 19 developments worldwide, alongside a successful track record working with a range of notable hotel brands, including the Yotel, Movenpick, Fairmont, Four Seasons, and Starwood groups.
Joe Sita, CEO of IFA HI, commented, “We are delighted to be teaming up with Bespoke Hotels International to create the new Bespoke MEA region as we continue to expand and diversify our hotel and residential international portfolio. We have long admired their existing operations, and were eager to join forces upon learning of their intention to enter the market not only in Dubai but in the wider Middle East and African region.”
Nick Turner, MD of Bespoke Hotels International, added “IFA HR have been one of the foremost hospitality investment groups in the MEA region for some time, so entering into such an alliance is immensely beneficial for Bespoke. We are delighted to have reached an agreement in order to create a new MEA region for Bespoke Hotels and a robust management platform to offer real choice to a growing number of hotel and residential owners. In turn, we also hope to bring a dash of British charm to proceedings.”