Hayleys agrees $17.25m sale of Maldives resort assets linked to NH Maldives Kuda Rah
Sri Lanka’s Hayleys PLC has entered into an asset purchase agreement to dispose of its Maldives resort assets linked to NH Maldives Kuda Rah Resort for USD 17.25 million, equivalent to approximately MVR 266 million. According to Hayleys’ latest financial statements, the agreement was signed on 16 May 2026 with Bohemia Luxury Resort (Pvt) Ltd. […]
JLL presents Konotta Island for acquisition
JLL’s Hotels & Hospitality Group has announced it is exclusively presenting the Konotta Island resort for acquisition. The property, located in the Gaafu Dhaalu Atoll, is being offered with vacant possession, providing the new owner with the flexibility for rebranding and new management. The resort comprises 31 beachfront villas and 22 overwater villas, in addition […]
The Standard, Huruvalhi Maldives sold; management to remain under Hyatt
JLL’s Hotels & Hospitality has announced the successful sale of The Standard, Huruvalhi Maldives, marking another significant milestone in the Maldivian resort sector. The resort was owned by renowned Maldivian businessman Amir Mansoor. However, the buyer’s details remain unknown. Originally launched as the first island retreat under The Standard Hotels’ portfolio, The Standard, Huruvalhi Maldives […]
Industry Expert: How to ensure your front desk staff are a successful distribution channel
Doug Kennedy explains how with some basic tools in place your front-desk team can turn conversation into business.
