Abu Dhabi-based Modon Holding has joined a consortium of investors in the US-based Wellington Lifestyle Partners (WLP) to support the long-term development of Wellington International equestrian showgrounds in Wellington, Florida.
The company did not disclose the financial details of the deal.
The Wellington International equestrian showgrounds is an ultra-luxury real estate development featuring high-end residences, a boutique hotel, a commercial marketplace and a championship golf course located in one of the most well-known cities for equestrian sport.
It will be Modon’s first direct investment in an equestrian-led development in the United States, complementing its existing global portfolio, and reinforcing its strategy to partner with leading international organisations in expanding its presence across ultra-luxury destination developments.
Through the investment, Modon joins WLP’s group of existing investors and operators to advance a multi-asset portfolio of lifestyle and sports destinations. The portfolio includes the world-renowned Wellington International showgrounds; The Wanderers Club, a private family-oriented country club offering golf, tennis, swimming and dining; The Wellington, a new private residential club community comprising 253 best-in-class residences set to open in 2028 and a golf course designed by David McLay Kidd, apart from a luxury boutique hotel, residences, shops, offices and restaurants. Together, these assets form a long-term masterplan to strengthen Wellington’s position as the global home of equestrian sport and luxury living.
As part of the agreement, Modon will also become a premier sponsor of the Winter Equestrian Festival and Adequan Global Dressage Festival (AGDF) – the world’s largest and longest-running hunter/jumper and dressage competitions, which attract over 250,000 spectators each year.
Jassem Mohamed Bu Ataba Al Zaabi, Chairman of Modon Holding, said: “This strategic investment reflects Modon’s ambition to invest alongside world-class partners that share our vision for excellence in destination development.
“Wellington Lifestyle Partners represents a unique collaboration that brings together expertise in real estate, equestrian, hospitality and sports-led communities. By extending our reach to the United States, we are furthering Modon’s role in delivering sustainable destinations that embody quality, innovation and cultural connection.”
Bill O’Regan, Group Chief Executive Officer of Modon Holding, added: “Our partnership with Wellington Lifestyle Partners aligns with Modon’s strategy to develop integrated lifestyle destinations that combine community, sport and hospitality. Wellington International is recognised globally for its equestrian excellence, and this collaboration provides a valuable opportunity to exchange expertise in operations, master planning and design.”