Jumeriah to run its first European resort and spa development

Oct 02, 07 | 7:57 am

Jumeirah, the fast growing Dubai based luxury international hospitality company and member of Dubai Holding, will be running Mallorca’s most prominent new resort and spa development in Port Soller.

The hotel development was acquired by Deka Immobilien GmbH for the open ended property fund WestInvest InterSelect and will be leased by the Jumeirah Group under a long term lease.

Scheduled to open in 2010, the Jumeirah Port Soller development will comprise a five star luxury resort with a spectacular location on the cliffs of Port Soller, overlooking the port and the Mediterranean Sea. The hotel will feature 120 spacious and luxurious sea or port-facing guestrooms and suites, all with a private terrace or balcony; extensive, state-of-the-art conference & banqueting facilities; two swimming pools and a prestigious 2000m² spa and wellness centre. There will also be a selection of unique restaurants and bars, each with al fresco dining options, which will reflect Jumeirah’s commitment to quality and innovation that will be evident throughout the development.

Port Soller is considered to be one of the most attractive towns in Spain and a serious contender in the luxury travel market. The up and coming destination is located in a tranquil valley famous for its orange groves and olive trees and is surrounded by mountains, making it a perfect luxury holiday getaway. The unique nature of this development will further enhance the destination’s global standing and will create a memorable experience for both business and leisure travellers to the island.
 
The exclusive resort, part of WestInvest Interselect’s funds, is being developed by WingField Corporation with plans to be the most luxurious hotel in Spain; the partnership of excellence created between Jumeirah,  Deka Immobilien, and WingField is expected to redefine the luxury resort standard throughout Mallorca and the rest of Spain.

“We are delighted to be managing such a prominent new resort” commented Gerald Lawless, Executive Chairman of Jumeirah Group, “The hotel is a very strategic and important addition to our growing portfolio of luxury hotels and resorts worldwide and we look forward to offering guests and visitors of the hotel our unique Stay Different experience.”

Managing director of Deka Immobilien GmbH Gerhard Gminder, added: “This investment puts us in one of Europe's leading hotel markets. This is the first time that we are investing in a hotel in Spain and this is directly in line with our strategy to grow our fund’s investments in hotels.”

Dean Johnson, partner of WingField said: “I am pleased to announce the signing with the Jumeirah group; together we will redefine the meaning of luxury. The unique quality of this location and the recognition of Port Soller as an emerging destination in Mallorca will ensure that the resort will become a great destination in its own right.”


About Jumeirah:
Jumeirah properties are regarded as among the most luxurious and innovative in the world and have won numerous international travel and tourism awards. The fast growing Dubai based luxury international hospitality management group encompasses the world renowned Burj Al Arab, the world’s most luxurious hotel, the multi-award winning Jumeirah Beach Hotel, Jumeirah Emirates Towers, Madinat Jumeirah and Jumeirah Bab Al Shams Desert Resort & Spa in Dubai, the Jumeirah Carlton Tower and Jumeirah Lowndes Hotel in London and the Jumeirah Essex House on Central Park South in New York.

The group’s activities are however, not restricted to hotel and resort management. The Jumeirah Group portfolio also includes Wild Wadi, regarded as one of the premier water parks outside of North America and The Emirates Academy of Hospitality Management, the region’s only third level academic institution specializing in the hospitality and tourism sectors.

Building on this success, Jumeirah Group became a member of Dubai Holding in 2004, a collection of leading Dubai based businesses and projects, in a step that aims to initiate a new phase of growth and development for the group.

Jumeirah’s ambitious expansion plans to grow its portfolio of luxury hotels and resorts worldwide to 57 by 2011 are well underway with projects currently under development in Dubai, Abu Dhabi, Aqaba, Doha, Phuket, Shanghai, Bermuda and London.

About DekaBank Group:
Deka Immobilien GmbH has acquired a hotel development on Majorca for WestInvest Gesellschaft für Investmentfonds mbH. DekaBank Group is the largest provider of public real estate funds in Germany. The two capital investment companies Deka Immobilien Investment GmbH and WestInvest InterSelect jointly manage assets of about 17 billion Euros. Deka Immobilien GmbH, an associated company, is responsible for the purchase and sale of property, for the management of these assets and all further property services product development. The three companies jointly with DekaBank’s property finance form the Group sector Asset Management Immobilien (AMI).

About WingField Corporation:
WingField Corporation is a real estate development and corporate finance company with its headquarters in Brussels, Belgium, and U.S. offices in St. Paul, Minnesota.   WingField was created as a result of the merger of three professional companies in 2005: Johnson Financial (financial engineering and real estate investments), Archipe (consulting, conception and development in the hospitality and leisure industry) and Reel Capital (corporate finance).

WingField Corporation has extensive experience in mixed-use real estate development and investments with a focus on hospitality and leisure.  Its client and partner network extends to corporate and public sector entities, international institutional as well as private investors, financial institutions and industry experts.