KUALA LUMPUR, Nov 28 (Bernama) -- Abu Dhabi’s Modon Holding
(Modon) has expanded its global luxury lifestyle portfolio through a
strategic investment in United States (US)-based Wellington Lifestyle
Partners (WLP).
Modon Chairman, Jassem Mohamed Bu Ataba Al Zaabi
in a statement said the investment reflects the company’s ambition to
invest alongside world-class partners that share its vision for
excellence in destination development.
Meanwhile, its Group Chief
Executive Officer, Bill O’Regan added that the partnership aligns with
Modon’s strategy to develop integrated lifestyle destinations that
combine community, sport and hospitality.
“This collaboration
provides a valuable opportunity to exchange expertise in operations,
master planning and design. It complements our portfolio across
Hudayriyat Island, Ras El Hekma and La Zagaleta, reinforcing Modon’s
commitment to delivering transformative, world-class destinations,” said
O’Regan.
The investment will support the long-term expansion of
Wellington International's equestrian showgrounds and the delivery of an
ultra-luxury development featuring high-end residences, a boutique
hotel, a commercial marketplace and a championship golf course in
Wellington, Florida.
Modon joins WLP’s investor group to advance a
multi-asset portfolio that includes Wellington International, The
Wanderers Club, and The Wellington residential club community. The
assets form part of a masterplan aimed at reinforcing Wellington’s
status as a global centre for equestrian sport and luxury living.
The
deal includes a licence agreement allowing Modon to use the Wellington
International’s brand and intellectual property across several key
strategic markets to support the development of future lifestyle and
community destinations.
Modon will also become a premier sponsor
of the Winter Equestrian Festival and the Adequan Global Dressage
Festival (AGDF), two of the world’s leading equestrian events that
attract more than 250,000 spectators and exhibitors annually.
-- BERNAMA
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