Modon Invests In Wellington Lifestyle Partners To Boost US Equestrian Hub
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