Group RCI Signs Agreement With Al Ghaith Holdings
Dubai's Bavaria Executive Suites Vacation Club
APRIL 2, 2008. RCI, one of the Wyndham Worldwide family of brands (NYSE: WYN), and the world leader in timeshare and vacation exchange, has announced an agreement with Dubai-based Al Ghaith Holdings to affiliate the soon to open Bavaria Executive Suites with its timeshare exchange program. Featuring no less than 450 one and two bedroom apartments, it represents the first timeshare development on Dubai's prestigious Sheikh Zayed Road.
Located at the cross roads of Dubai's new commercial and residential hub, adjacent to Dubai Media City and the access route to the Palm Jumeirah, Bavaria Executive Suites consists of two huge towers on either side of Sheikh Zayed Road. Offering easy access to many of the city's leisure and commercial attractions, including the nearby Mall of the Emirates, Jumeirah beach and several golf clubs, Bavaria Executive Suites will target both business and leisure visitors.
In addition to the apartments, the development includes 2100 luxury suites, all of which contain a comprehensive range of 5 star amenities. This includes a choice of 8 restaurant concepts, sports facilities, shopping arcades and the latest Angsana Spa. Forty fully equipped offices and a meeting center to accommodate 10 to 1,000 delegates complete Bavaria's compelling offer. "We believe that this stunning project will change the way that people take holidays in this part of the world and our affiliation with Group RCI will enhance this even further" said Sheikh Ali Hamel Al Ghaith, Chairman of Al Ghaith Holding, the company behind the project.
Nick Turner, managing director of Group RCI Middle East said, "The Bavaria Suites Vacation Club is a very exciting consumer proposition which will be one of the largest timeshare vacation clubs of its kind in the Middle East and North Africa (MENA) region. We are delighted that the owner, Al Ghaith Holdings, has selected Group RCI to provide global services and benefits to future Bavaria Vacation Club owners."
Turner explained that Group RCI was part of the team working with the local government on the policies of the new timeshare law regulating the shared ownership real estate industry. He said, "This aims to be well thought through and protects the interests of the consumer, developer and brand of Dubai."
For additional information on the services offered to developers by Group RCI and how they can add potential value to leisure real estate projects, visit www.grouprci.com.
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