Zimbali Coastal Resort is a luxurious residential estate located on the North Coast of KwaZulu-Natal, South Africa. It is widely known for its breathtaking scenery, world-class amenities, and high-end properties. Many people often wonder who owns this magnificent resort, and in this article, we will take a closer look at the ownership of Zimbali Coastal Resort.
Overview
Zimbali Coastal Resort was developed by IFA Hotels and Resorts, a Dubai-based company that specializes in developing luxury hotels and resorts worldwide. IFA Hotels and Resorts is one of the world’s leading hospitality companies with properties in Europe, Africa, the Middle East, and Asia.
Ownership
Currently, IFA Hotels and Resorts owns Zimbali Coastal Resort. The company acquired the property in 2006 through its subsidiary, IFA Hotel Investments South Africa. Since then, IFA Hotels and Resorts has been responsible for the development and management of Zimbali Coastal Resort.
History of Ownership
Before IFA Hotels and Resorts took over ownership of Zimbali Coastal Resort in 2006, it was owned by Tongaat Hulett Developments. Tongaat Hulett Developments is a South African company that specializes in developing residential communities. The company developed Zimbali Coastal Resort in 1996 with the aim of creating a high-end residential estate that would attract local and international investors.
After Tongaat Hulett Developments had completed the development of Zimbali Coastal Resort, they sold it to IFA Hotel Investments South Africa. This acquisition marked IFA Hotels and Resorts’ entry into the South African market.
Conclusion
In conclusion, Zimbali Coastal Resort is owned by IFA Hotels and Resorts, a Dubai-based hospitality company that specializes in developing luxury hotels and resorts worldwide. The resort was acquired by IFA Hotels and Resorts in 2006 through its subsidiary, IFA Hotel Investments South Africa.
Before that, Tongaat Hulett Developments owned the resort, and they developed it in 1996. Zimbali Coastal Resort remains one of the most sought-after residential estates in South Africa, attracting local and international investors alike.
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