Preferred Residences ®, a hospitality-branded membership and exchange programme for luxury shared ownership resorts offered by an operating business of Interval Leisure Group (Nasdaq: IILG), announced that it has added Mandharini Resort on the north coast of Kenya to its network. Scheduled to open later this year, the mixed-use property is part of a lush eco-conservancy covering 150 acres (61 hectares) near the 14th century Swahili town of Kilifi on the Indian Ocean.
“The East African tourism market has really flourished in the last few years,” said Darren Ettridge, senior vice president of resort sales and business development for Preferred Residences in Europe, Middle East, Africa, and Asia. “With a recent economic survey showing both the number of residents booking in-country holidays and international visitors to Kenya growing, it is an opportune time to open a high-quality resort in such an appealing natural setting.”
Derived from “mandhari,” Mandharini is the Swahili word for “a place of beautiful views.” Sheltered by bougainvillea, palms, and Kenya's iconic Baobab trees, the resort is situated on the south side of the emerald-blue Kilifi Creek, which reaches the Indian Ocean at Kilifi. The expansive private beach-side tropical forest and preserved mangrove area with boardwalks will be part of the frontage along the Kilifi Lagoon.
Mandharini Village will be the resort’s central point, elevated to provide 180 degree views of the sheltered lagoon. With plans to feature a large horizon pool, restaurants, spa, and fitness centre, it will offer owners a variety of upscale amenities and services. The 40-room boutique Mandharini Hotel will be located adjacent to the village.Other on-site amenities include a nine-hole golf course designed by David Jones that will feature the first oceanfront hole in Kenya. Guests will also enjoy the Beach Club, complete with bar and grill, and have access to water sports that include windsurfing, sailing, diving and snorkelling, kite surfing, water skiing, and deep-sea fishing.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV