Debt, weak policies affect Maldives’ tourism, investor appeal, new MATATO report warns
The Maldivian economy is in a fragile state primarily caused by a dollar crisis and excessive government expenditure, with negative impacts on the local tourism sector and investor interest in the destination, a new study by the Maldives Association of Travel Agents and Tour Operators (MATATO) said on Thursday. The report, based on extensive qualitative […]
Urbanco seeks investors for Urban Isle boutique hotels
Urbanco has announced its search for interested parties to submit Expressions of Interest (EOIs) for the development and operation of boutique hotels within the Urban Isle project in Hulhumale. The Urban Isle initiative, unveiled by Urbanco in July, involves the allocation of seven land plots for boutique hotel development. HDC has now reopened three of […]
Th. Ruhthibirah island up for bidding for resort development
On Sunday, the Maldivian Ministry of Tourism officially commenced the bidding process for the development and operation of a resort on Ruhthibirah Island, located in Thaa Atoll. Key details about the bid: The island spans 8.41 hectares in size, providing ample space for the development of tourist facilities The ministry has proposed a minimum requirement […]
Tourism development in B. Goidhoo, Fulhadhoo, Fehendhoo lagoon announced
In an announcement on Monday, President Ibrahim Mohamed Solih unveiled plans for the development of a resort in the captivating lagoon encompassing B. Goidhoo, Fulhadhoo, and Fehendhoo. The President, addressing a crowd of supporters during his visit to B. Fulhadhoo as part of his ongoing presidential election campaign, expressed his enthusiasm for the potential of […]
Pres announces new resort development project in Gaafu Alif Atoll
President Ibrahim Mohamed Solih revealed on Wednesday that the uninhabited island of Araigaththaa, located near GA. Gemanafushi, will be opened for bidding to facilitate the development of a resort. The announcement was made during the president’s campaign tour of Gaafu Alif Atoll, where he addressed the community of Gemanafushi during an evening meeting. President Solih […]
Waldorf Astoria Maldives’ Qatari owner buys Villa Group’s $20m Vaareddhoo lagoon
Vaareddhoo lagoon in Kaafu Atoll has witnessed a change in ownership as Qatari businessman Ramez Al-Khayyat’s Asset Group acquired its leasehold rights for $20 million (MVR 350 million), local media reported on Thursday. The sale comes as Villa Group, under the ownership of Jumhooree Party (JP) leader and presidential candidate Gasim Ibrahim, strategically divests its […]
Hotels & Resorts Investment Maldives partners with MEYER Floating Solutions to revolutionise luxury real estate and tourism
Hotels & Resorts Investment Maldives (HRIM) and MEYER Floating Solutions have announced an exciting partnership aimed at transforming the tourism and luxury real estate sectors in the Maldives. This collaboration will introduce cutting-edge and luxurious floating products to the resort and luxury real estate market, offering unparalleled experiences and ownership opportunities. With a shared vision […]
Trophy assets drive investment activity in Asia Pacific in 2015, say JLL
The number of trophy hotel assets changing hands in Asia Pacific has surged in 2015, according to JLL’s Hotels & Hospitality Group.
Investment in hotels growing throughout Asia Pacific, reports CBRE
According to a new report entitled Hotel Trends, Asia Pacific Q2 2015, published by CBRE, a premier real estate services company, the Asia Pacific region recorded strong demand for hotels in Q2 2015.
