Emaar Hospitality Group Sets Foot in South Asia, First Property in Maldives
Dubai based Hospitality group Emaar is opening its first property in the South Asia.
With a hotel management contract, the group’s first property will be developed as “Address Madivaru Maldives Resort and Spa”.
The contract is a partnership signed with Maldivian company, Finolhu Investment.
CEO of Emaar Hospitality Group, Oliver Harnisch said: “One of the world’s most popular holiday destinations, Maldives is an ideal fit to our expansion plans to take our proven competencies in hospitality to newer geographies. It is our privilege to have been chosen by Finolhu Investment to manage this iconic property in the Indian Ocean. We will work closely in the design and development of the hotel project, with a focus on maximizing its oceanfront location. Address Madivaru Maldives resort+ Spa will not only enhance our reputation as a global hospitality provider but also add value to the local economy through its role in promoting premium tourism and holiday home investment.”
Scheduled to open in 2020 the property will span a total area of 75,000sqm. Built on a private island the resort will be in reach of a 20-minute flight via a seaplane from Velana International Airport.
Madivaru Private Island, owned by Adam Abdul Gafoor, Chairman of Finolhu Investment said: “We are delighted to welcome Emaar Hospitality Group’s Address Brand to Maldives to manage our exceptional property that will complement our nation’s focus on tourism growth.”
“Maldives has been the cornerstone of Indian Ocean tourism, and the government has announced visionary initiatives to drive the role of the private sector, including the long-term lease of islands for resort development.”
The resort will include 80 beach and water front villas including selected units for sale. Amenities such as floating restaurants and lounges, over-water fitness facilities, swimming pools and children’s play areas are all thoughtfully designed to maximize the oceanfront location.
Furthermore, the resort will have a dedicated spa island, water sports island, fitness facilities and swimming pools.
The resort is part of Emaar Hospitality Group’s international expansion plans that has an additional 29 upcoming projects in the UAE, Bahrain, Saudi Arabia, Egypt and Turkey. In the UAE, the group already has three serviced residences and 11 operational hotels.
The upcoming international projects under the brand include Jabal Omar Address Makkah in Saudi Arabia; Address Marassi Golf Resort + Spa and Address Marassi Beach Resort in Egypt; Address Istanbul and Address Residences Emaar Square Istanbul in Turkey; and Address Marassi Al Bahrain.
Emaar Hospitality Group is a wholly-owned subsidiary of Emaar Properties PJSC, one of the world’s most valuable real estate development companies with proven competencies in property, shopping malls and retail as well as hospitality and leisure.
Emaar Hospitality Group was created in 2007 and owns and manages a diversified portfolio of hospitality assets in addition to its hotel brands including serviced residences, golf retreats, a yacht club, a polo and equestrian club, and a comprehensive portfolio of Lifestyle Dining restaurants.