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RCI Signs Timeshare Affiliation Deal With Salwan Property Management For Exclusive Jumeirah Beach Residence Development
November 4, 2008 by Fractional Property Ownership, Timeshare & Luxury Travel Magazine · Leave a Comment
RCI, the world’s largest timeshare exchange company and a part of Wyndham Worldwide (NYSE: WYN), has signed an affiliation agreement with Salwan, a property management company and a subsidiary of Dubai Properties Group (DPG), to offer the RCI Points® exchange program to the owners at Salwan Hotel Apartments.
RCI Signs Timeshare Affiliation Deal With SalWan Property Management For Exclusive Jumeirah Beach Residence Development
Geoff Ballotti, President and CEO of Group RCI, speaking at the signing ceremony at Salwan Hotel Apartments, said: “We are very proud to have Salwan Property Management join RCI’s worldwide exchange network of over 4,000 affiliated resorts. Owners at Salwan Hotel Apartments will benefit from the myriad of value added services and travel benefits we provide. Our global reach serves as an added incentive to future Salwan owners who will have access to the largest portfolio of vacation resorts in the world and be supported, both on-line and by dedicated, multi-lingual vacation guides in our call centers across the globe.”
Saeed Bushalat, Chief Executive Officer of Salwan said: “We have launched the Salwan Hotel Apartments to allow international clientele an opportunity to visit and spend time at one of the most sought after locations in Dubai. Affiliating with RCI will help Salwan Hotel Apartments create worldwide brand awareness and attract tourists from abroad. At the same time, some RCI members will have a benefit of access to properties at the exclusive Jumeirah Beach Residence. The flexibility this tie-up provides to Salwan means that we are able to offer our buyers a product that can change as their lifestyle does, adding weight to our sales program.”
The Salwan Hotel Apartments will offer 80 luxuriously appointed one, two and three bedroom units allocated to the timeshare program, all equivalent to five star hotel accommodations. The property, located in Dubai’s highly sought after Jumeirah Beach Residence in the heart of new Dubai, offers direct access to the beach, the Marina, and The Walk featuring the latest in designer shopping and haute cuisine across a 1.75km beachfront boulevard.
Bushalat added: “We are confident all 80 apartments will be quickly snapped up by investors worldwide seeking the winter sun, as well as others from the broader Gulf area, keen on Dubai’s world class shopping and leisure options that are at the doorstep of the hotel residence.”
About RCI
RCI was founded in 1974 when it introduced the concept of timeshare exchange. Today, RCI is the global leader in vacation exchange with the largest timeshare exchange network in the world and is a leading provider of travel services to businesses and consumers. RCI offers over three million members flexible vacation options at more than 4,000 resorts in more than 100 countries through its RCI® Weeks, traditional week-for-week exchange program, and RCI Points®, the industry’s first global points-based exchange system. RCI delivers customized, integrated and results-driven solutions to help meet the needs of its affiliates and consumers worldwide. RCI is a division of Group RCI, a global leader in leisure real estate and one of the Wyndham Worldwide family of companies (NYSE: WYN). For additional information, visit www.rci.com or www.grouprci.com.
About Salwan
Salwan Property Management, a subsidiary of Dubai Properties Group and a member of Dubai Holding, is a leading provider of innovative leasing and property management solutions and the introducers of the strata management system to the region. Established in 2008, Salwan offers a full spectrum of enabling services to residential and commercial stakeholders. Its service portfolio includes property auctions through Mazad Auction House, property management, leasing, third party leasing, hotel apartments, and a real estate advisory service.
Salwan also offers a complete range of construction supervision and administrative services ranging from contract negotiations and build-out to leasing and risk management. The company currently offers premium real estate services to more than 14,000 properties around Dubai including Jumeirah Beach Residence (JBR), Cordoba Villas, Al Quoz Community Housing, Al Razi Residence, 558 Villas at Dubailand, Dorat Mirdiff, and Office Park at Dubai Internet City.
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