Finolhu Maldives sold to German company for USD 90m

Finolhu Maldives resort, developed by Coastline Developments, has been sold to a German company called Seaside Hotel & Resorts for USD 90 million.

JLL Hotels & Hospitality Group, which had earlier bought the resort, stated that it has made a record transaction with Finolhu.

Finolhu was sold in April and its lease rights were transferred to JLL in May.

JLL has sold 15 Maldives resorts since 2012 but this is the first time that it has sold a Maldives resort to a European company.

While Seaside Hotels & Resorts manages numerous properties, Finolhu will be the first Asian resort to be run under the company.

Finolhu consists of 127 villas, which include lagoon, ocean, beach, and beach pool villas. The resort also has a restaurant, bar, water sports, dive center, yoga pavilion, and outdoor gym.

Finolhu Maldives resort, developed by Coastline Developments, has been sold to a German company called Seaside Hotel & Resorts for USD 90 million.

JLL Hotels & Hospitality Group, which had earlier bought the resort, stated that it has made a record transaction with Finolhu.

Finolhu was sold in April and its lease rights were transferred to JLL in May.

JLL has sold 15 Maldives resorts since 2012 but this is the first time that it has sold a Maldives resort to a European company.

While Seaside Hotels & Resorts manages numerous properties, Finolhu will be the first Asian resort to be run under the company.

Finolhu consists of 127 villas, which include lagoon, ocean, beach, and beach pool villas. The resort also has a restaurant, bar, water sports, dive center, yoga pavilion, and outdoor gym.

Finolhu Maldives sold to German company for USD 90m

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Finolhu Maldives sold to German company for USD 90m

Comments

Respect, profile of Maldives on international platform rose: Pres. Yameen

Emboodhoo lagoon developed by company with ties to Colonel Ziyad

Will return to Maldives even if it means going to jail: President Nasheed

Nasheed meets with German Amb, raises concern over Maldives' decision

Ex-President and US Amb discuss democracy, human rights in Maldives

On This Day

Multiple clubs refuse to participate in President's Cup

Maldives condemns terrorist attack in Somali Capital

MMPRC participated in SATTE 2023

30 percent of resort workers receive booster shots against Covid-19

Maldives Victory shipwreck, Kaashidhoo wetlands designated as areas for conservation

Aasandha abroad, is it really affordable?

BML introduces ‘cashless ride’ to Hulhumale’