Homepage for investement.
Lucrative Investment
Contact Us
Execuitve Summary
Ritz-Carlton
Hudhufushi Island
Hudhufushi Island is located on Lhaviyani Atoll, Maldives, 45 minutes by seaplane from the Airport. The Island was leased to Mr. Abdul Rauf (who is the Chairman of TBI Maldives Private Limited) for 35 years by the Ministry of Tourism of the Republic of Maldives on October 9, 2000. TBI Maldives Pvt. Ltd. on behalf of Mr. Rauf is developing the Island into a Ritz-Carlton Resort as per the Agreements made between the Ritz-Carlton Hotel Company L.L.C and Mr. Abdul Rauf.
Features
Ritz-Carlton
Hudhufushi Island
Features of the Resort:
The Resort is to have 150 Rooms including 100 Land Bungalows and 50 Water Bungalows. The Resort will feature exquisite F&B outlets, Diving School, Health Spa and Gym, Marine Research Centre, Ritz-Kids Camp, Conference Rooms and all facilities of a Ritz-Carlton Resort. The Promoter’s may consider opening the resort with only 130 Rooms.
Maldives Tourism Industry/Market.
Industry Lease Rent
The current resorts in the industry have a varied lease rents agreed between the resorts and the government.
The tourist resorts established during the early 80’s and 90/s consists of a lower lease rent and the resorts that came through previous and current bidding process are generally high here. And it is expected from the current on going bidding process that the lease rent to be even higher.
Summary
The total investment cost for the project has been budgeted as US$40 million of which the owner has already expended approximately over US$10 million. All staff area has been completed the 30% of the guest rooms and public areas has been completed. It is envisaged that the remaining works can be completed in 9 months.
Hudhufushi Island resort would be the first Ritz Carlton Hotel in Maldives, if not in the region. The only resort other than Hudhufushi to compete is the Four Season.
PRICE - US $ 29million immediate take over at current level
PRICE - US $ 41 million fully constructed level
Contact: I. ANIFF 00971 50 5185459
Email: imraz_aniff@yahoo.com or mohi24@gmail.com
The RITZ CARLTON CHAIN will operate the resort, and investors are confident of excellent return on Investments. The resort is on a 30% completion level,
PRICE - US DOLLORS 29MILLION
CONTACT - 0097150 5185459
Bravenet.com