Asia Prestige Management acquires Ranveli, set to reopen as Zazz Island Resort in 2019
Hong Kong based Asia Prestige Management (APM) has acquired Ranveli Island Resort and is set to reopen the resort as Zazz Island Resort in 2019.
In a statement, APM said the property was acquired in December.
“This acquisition is in line with APM’s strategy to expand strategically into key Asian markets and to further strengthen the presence of its Zazz brand,” the statement read.
Ranveli is strategically located in South Ari Atoll, and is accessible by a 25-minute seaplane flight from the main airport.
South Ari Atoll offers one of Maldives’ most sought-after resort destinations. With its location near Mamigili, it is close to the marine wildlife protected area where whale sharks can be spotted all year round. A seaplane ride transports guests to the island, surrounded by some of the world’s finest diving sites.
APM will partner with Unicorn Hotels and Resorts to manage the 100 villas resort, which is scheduled to be opened in the second quarter of 2019.
Unicorn Hotels and Resorts is a smart, new-thinking hospitality management company based in Bangkok, specialising in full hotel management, as well as offering a full range of management, operational, technical and development consulting services for hotels, restaurants, bars, clubs and beyond.
Other projects under the management of APM includes Zazz Urban Thailand (Chaturathit Rd, Khwaeng Bang Kapi, Khet Huai Khwang, Krung Thep Maha Nakhon 10310, Thailand), Zazz Urban Vietnam (28 Su Van Hanh, Ward 9, Dist 5, HCM) and Treasure Oasis Hotel Cambodia (9Khum Svay Dangkum, Krong Siem Reap 63, Cambodia).