IFA HOTELS & RESORTS WINS A PRESTIGIOUS ARABIAN PROPERTY AWARD

08/12/2014 11:28 AST

IFA Hotels & Resorts (IFA HR) has been awarded the top spot in the New Hotel Construction & Design category at the prestigious Arabian Property Awards 2014-2015 for its Mövenpick Hotel Jumeirah Lakes Towers project.

IFA HR competed against a number of developers in the region to earn the top spot. The award, which was presented over the weekend at a high-profile gala of industry peers, recognizes Mövenpick Hotel Jumeirah Lakes Towers for its superior design and its uniqueness as a mixed-use urban tower.

Joe Sita, CEO, IFA Hotel Investments, which asset manages the successful hotel, said of the award: "We are really pleased with this recognition from the Arabian Property Awards. Mixed-use developments are at the heart of our business and Laguna Tower is a perfect example of this with hotel, residential, retail and F&B all under one roof. For a mixed-use urban tower design to win in a region dominated by luxury beachfront hotels, makes the award that much more meaningful. We are extremely proud of the entire team."

At its core, Laguna Tower is divided into hotel and residential areas segmented vertically. The hotel space consists of the ground floor reception area and the first eight storeys of the building comprising 168-rooms, while the remaining areas offer 294 residential units. The hotel's neutral, modern interior was a collaboration led by world-renowned designers DWP (Design Work Portfolio).

Opened in October 2013, Mövenpick Hotel Jumeirah Lakes Towers is the first international hotel in Jumeirah Lakes Towers (JLT). With large man-made lakes and 64 contemporary towers, the area has become one of the city's fastest growing new districts with more than 50,000 people working and living in the area and 6,500 companies using it as a business base.

Andreas Mattmüller, COO, Mövenpick Hotels & Resorts Middle East and Asia added: "Since its opening, Mövenpick Hotel Jumeirah Lakes Towers has exceeded our expectations in occupancy and RevPAR. We expect this property to continue to thrive at the heart of JLT's hospitality and social scene."

The Arabian Property Awards are part of the long established International Property Awards. The award winners' logo is recognised as a symbol of excellence throughout the global industry. Attaining one of these coveted awards is indisputable evidence that IFA Hotels & Resorts is capable of outperforming some exceedingly strong contenders within the highly competitive Arabian property arena.

Later this year, the highest scoring winners from the Arabian Property Awards will compete against other winning companies from Europe, Asia Pacific, Canada, the USA, Central and South America, the Caribbean, Africa and the UK to find the ultimate World's Best in each category.

The Awards' judging panel consists of over 70 highly respected experts from all over the world and is chaired by three active members of the House of Lords: Lord Caithness, Lord Best and Lord Courtown.

Stuart Shield, president of the International Property Awards, says, "Our judges have been most impressed by the quality of entries and level of expertise shown by those in the Arabian property industry. As in previous years, it will be interesting to see how many coveted World's Best titles the region is able to secure."

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