Corinthia has agreed to manage a luxury resort in the Maldives beginning in 2025.
The developer of the luxury resort to be operated by Corinthia is Maarah Pvt Ltd, a Maldivian entity, affiliated with Maarah Holdings Ltd, a United Arab Emirates company registered within the Dubai International Financial Centre, being part of Niro Investment Group, one of the most prestigious investment companies in Romania, which is further strengthening its international operations, both in the Middle East and South Asia.
Early reclamation and the first phase of resort development on the Kaafu Atoll have begun, with two islands holding a 73-key resort on the larger of the two and a second, smaller private island for exclusive usage.
HKS, a worldwide design firm, will create aquatic-inspired architecture for the Corinthia Maldives. The main pavilion and all villas are taking on shapes and forms inspired by the soft curves of the ocean’s Manta Ray. The resort will also have cutting-edge wellness facilities, several fitness spaces, and a selection of five restaurants run by internationally famous companies.
“We are thrilled to announce the arrival of Corinthia in the Maldives. Together with our partners, the developers, we will work to create a unique architectural statement that will delight the senses,” commented Mr. Simon Naudi, CEO of Corinthia Hotels.
“We are excited about this milestone Maldivian luxury resort development, which is located only 15 minutes from Male International Airport and which will provide long-term local employment opportunities while contributing towards the growing destination tourism economy of the Maldives.” stated Mr. René Beil, Managing Director, Maarah Holdings and Maarah Pvt Ltd “We are fortunate of our thirty years’ legacy of real estate investments and developments of pioneering nature and we are privileged to be partners with a leading luxury hospitality brand such as Corinthia”.
Aside from HKS as principal architect, the project has involved a number of contractors and engineering organizations. RLB Hoolooman, who has already completed 14 resorts in the Maldives, will work alongside Maldives Transport and Contracting Company (MTTC), designated as the primary contractor for land reclamation and shore protection operations. The General Contractor is China State Construction, while the Asset Manager is Beaufort Global, a leading and reputable hotel asset management organization based in Dubai, UAE.
[Source: Corinthia Hotels Press Release]