IFA Hotels & Resorts Limited (IFA SA) has launched its first Private Residence Club community in South Africa - Fairmont Heritage Place, Zimbali, located within the spectacular Zimbali Coastal Resort, on the north coast of KwaZulu-Natal, 45 kilometres north of Durban.

Fairmont Heritage Place, Zimbali will form part of Fairmont Zimbali, an ultra luxury integrated mixed-use resort and residential development situated within the multi award winning Zimbali Costal Resort. These 18 superbly appointed homes, each divided into saleable fractions of 1/13th, and featuring Fairmont’s innovative reservation and time-usage system, will result in the creation of South Africa’s premier and most international Private Residence Club.

The Fairmont Zimbali Hotel and Resort will be managed by Fairmont Hotels & Resorts and will consist of four separate and unique elements, each strongly influenced by Zimbali Coastal Resort’s Balinese architecture, including residences, a hotel, a Private Residence Club and hotel condominium units. The combined value of the resort is in excess of R1.8bn and is expected to be completed by mid 2009. Owners of Fairmont Heritage Place, Zimbali will be entitled to 14 days use of their own home and a further 7 days use either within their own home or in a similar one each year. Two of these three guaranteed weeks may be exchanged for time at another Fairmont Heritage Place community or at another Fairmont Hotels & Resorts’ property around the world.

Additionally, owners will have virtually unlimited use of any remaining availability at Fairmont Heritage Place, Zimbali throughout the year, subject to booking no more than 60 days in advance.

Fairmont Heritage Place, Zimbali offers 24-hour concierge, butler and room service, a private beach club, a swimming pool and gardens, The Owner’s Lounge and access to all the onsite facilities of the Fairmont Zimbali hotel.

In addition, owners will also enjoy access to two championship golf courses, the newest of which being the Zimbali Gary Player Signature Golf Course, Country Club and golf academy with a state-of-the-art driving range.

Piaras Moriarty, Vice President Vacation Ownership, IFA Hotels & Resorts said, “We recently introduced Fairmont Heritage Place to Dubai within our Kingdom of Sheba development and it has been very successful, so we’re looking forward to the same response as we bring this innovative ownership concept to South Africa.”

He continues: “The equity held by each owner provides a secure, transferable and potentially rewarding investment in perpetuity. In addition to the benefits of owning real estate in one of South Africa’s most beautiful regions and having access to the international Fairmont Heritage Place network, owners enjoy all of the services and amenities of a five star hotel.”