Raimon Land Launches Private Residence Clubs in Thailand

Photo Caption (from Left): Jeff Tisdall, Managing Director, RCI Middle East, Hubert Viriot, Raimon Land CEO, and Piaras Moriarty, Vice President Client Management with IFA Hotels and Resorts Luxury condominium developer Raimon Land announced today the diversification of its product portfolio through the launch of its first lifestyle products: The Heights Private Residence Club, Northpoint Private Residence Club and The River Private Residence Club. The Private Residence Clubs will initially include three of Raimon Land’s properties in Thailand’s most sought-after destinations. Each home within the Clubs is divided into saleable fractions of 1/13th. This fraction entitles owners to enjoy a minimum of 21 days per year at the Club in which they purchase as well as unlimited use of space available time. Additionally, owners will have access to a greater network of properties through The Registry Collection and IFA Collection. Ownership is in perpetuity and can be sold at any time. Hubert Viriot, Chief Executive Officer of Raimon Land said: “The design, implementation and launch of Private Residence Clubs presented a unique opportunity to diversify our portfolio without diluting our focus on luxurious residential experiences. We also had the benefit of working closely with our major shareholder IFA Hotels & Resorts who have successfully developed and sold a variety of investment and lifestyle products around the world, including several Private Residence Clubs.” Private Residence Clubs represent the top tier of fractional ownership products and are among the fastest growing sectors of the real estate and hospitality industries. It is an innovative form of ownership that appeals to those who want the security and advantages of an equity-based private club along with the benefits of owning luxuriously appointed, prime real estate. Piaras Moriarty, Vice President Client Management with IFA Hotels & Resorts in the Middle East, said: “Owners in the Clubs will have access not only to their selected property in Thailand, but can also exchange their days for access to over 160 properties through the IFA Collection and The Registry Collection. Likewise, the addition of these Private Residence Clubs provides our IFA Collection clients access to three great new vacation options in Thailand.” The IFA Collection consists of a luxury portfolio of international properties developed by IFA Hotels & Resorts, a major shareholder in Raimon Land and an international specialist in the development of mixed-use resorts. Each of the Thai Private Residence Clubs offers a sanctuary of elegance and sophistication specifically created to cater to the desires of its owners, which have been designed, constructed and finished by the very best award-winning teams in Asia and are furnished and equipped to the highest international standards. Owners also enjoy unparalleled service when in residence with dedicated staff available to pre-stock kitchens, book leisure excursions or make dining reservations and arrange babysitters, laundry, transportation and even a private chef when required. “We are extremely excited by the addition of the Raimon Land’s Private Residence Clubs to the IFA Collection and its expansion into Asia. Raimon Land and IFA Hotels & Resorts are synonymous with quality and these three extraordinary properties offer the level of luxury vacation experience we aim to deliver to our members through The Registry Collection”, commented Geoff Ballotti, President and CEO, Group RCI. The Heights Private Residence Club – IFA Collection in Phuket is nestled atop a hillside above Kata Beach with stunning views of the Andaman Sea. The units have large open terraces, expansive living areas, and the seamless spill-over of indoor into outdoor spaces. A wide range of recreational choices are available at the club house, including a fitness centre, a free-form infinity pool, lap pool, kid’s pool sun deck and Jacuzzi – a culmination of visionary island-living. The River Private Residence Club – IFA Collection in Bangkok will offer an unrivalled choice of condominiums, lofts and penthouses in two unique and iconic towers along the Chao Phraya. Facilities include state-of-the-art fitness centres, sky gardens, riverfront infinity pool and 50-meter lap pool complete with superb dining and entertainment experiences on the riverfront podium and terrace. Northpoint Private Residence Club – IFA Collection in Pattaya soars above the sands of prestigious Wong-Amat Beach with easy access to world class amenities, a wide variety of recreational and entertainment choices, and over 20 championship golf courses. The Point features an exceptional mix of residences from 1-3 bedroom luxury units to breathtaking duplexes and penthouses. About Raimon Land Raimon Land is a listed company on the stock Exchange of Thailand with a primary focus in the residential development sector. Raimon Land’s list of award-winning projects includes: Northpoint, The Heights Phuket, The Lofts Sathorn, The Lakes and The Legend Saladaeng. Its major shareholder is IFA Hotels & Resorts. www.raimonland.com About IFA Hotels & Resorts IFA Hotels & Resorts is a leader in real estate development, specialising in premier integrated and mixed-use hotel and tourism resort projects throughout the Middle East, Europe, Africa, the Indian Ocean region, Asia and North America. IFA Hotels & Resorts offers exclusive branded residential, resort and hotel properties in exotic locations, with sound appreciating investment opportunities across the globe which include a yacht ownership club, a jet ownership club, vacation clubs and Private Residence Clubs. IFA Hotel & Resorts’ current portfolio consists of 46 projects in total, of which 20 are hotels, with over 13,750 keys across 13 countries in 4 continents. www.ifahotelsresorts.com About The Registry Collection The Registry Collection Programme is a global network comprising over 35,000 members and more than 130 affiliates on five continents. The more than 160 properties available through the programme are either accessible for exchange or under development. As the world’s largest luxury exchange programme, The Registry Collection Programme provides members with access to an elite global network of the very finest vacation properties at some of the world’s premier destinations, as well as personal concierge services that are available 24-hours a day. From condo hotels and high-end fractional resorts to private residence clubs and fractional yachts, The Registry Collection Programme facilitates exchanges around the world and redefines the vacation experience for owners and developers. The Registry Collection Programme is offered by Group RCI, the worldwide leader in vacation exchange and the European leader in vacation rentals and one of the Wyndham Worldwide family of companies (NYSE: WYN). For additional information, visit the media centre at www.grouprci.com. Pattaranit Imampai Senior Manager, Communications Raimon Land PLC Tel : +66 (0) 2651-9601 to 4 Fax : +66 (0) 2651-9636 E-mail: [email protected] Kwanrudee Maneewongwatthana DVP Corporate Communications & Branding Raimon Land PLC Tel : +66 (0) 2651-9601 to 4 Fax : +66 (0) 2651-9636 E-mail : [email protected] Click for photo release at www.thaipr.net

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