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Thai developer Singha Estate acquires Outrigger Konotta Maldives Resort

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Thailand-based developer Singha Estate has announced the acquisition of the Outrigger Konotta Maldives Resort.

In a regulatory filing with the Thailand Stock Exchange, Singha Estate said its subsidiary S Hotels and Resorts (SC) Co. Ltd has entered into an agreement with Outrigger Hotels Hawaii to purchase six properties in its portfolio. The deal includes 100 percent ownership of Outrigger Konotta Maldives Resort, Outrigger Koh Samui Beach Resort, Outrigger Laguna Phuket Beach Resort, Outrigger Mauritius Beach Resort, Outrigger Fiji Beach Resort and Castaway Island.

The total value of the deal will not exceed USD 350 million, which includes asset purchase valued at USD 250 million and assumed debt of up to USD 100 million.

Subject to regulatory approval, completion date for the sale has been set for June.

As part of the deal, management under Outrigger Hotels and Resorts will continue.

In 2016, Outrigger Hotels and Resorts was acquired by KSL Private Equity Partners (LLC) through an affiliate from the founders, Hawaii’s Kelley family. The group currently manages or has under development 40 properties with approximately 9,000 rooms in some of the world’s most desired beach destinations in Hawaii, Fiji, Guam, Thailand, Mauritius and the Maldives.

The private island of Konotta is located 340 kilometres to the south of capital Male, and is conveniently accessible via a 55-minute flight from the main Velana International Airport to Kaadedhdhoo Airport followed by a scenic 30-minute journey on a luxurious private yacht.

The award-winning Outrigger Konotta Maldives Resort offers guests the largest average villa sizes in the Maldives. Comprising 29 Beach Pool Villas, 21 Ocean Pool Villas, two Lagoon Pool Villas and the three-bedroom Grand Konotta Villa, the resort offers a complete sense of privacy and intimate luxury.

Captivate your senses with innovative dining concepts, the Navasana Spa, and high-end facilities. In between your diving lesson and massage, indulge in sumptuous Maldivian cuisine or a glass of white Burgundy in one of the resort’s restaurants or the comfort of your villa. As the sun sets, sample Japanese single malts at the Teppan bar while drinking in endless ocean views.

As Singha Estate acquires the Outrigger Konotta Maldives Resort, it is gearing up for the launch of the first phase of the highly anticipated Emboodhoo Lagoon project, the first integrated tourism destination in the Maldives. The first phase consists of a USD 311.5 million investment that is expected to stimulate tourism, offering vacationers a rich combination of world-class offerings such as hotels, entertainment, retail and fine dining.

Hard Rock Hotel Maldives will be one of three resorts included in the development, boasting 178 expansive guest rooms, family suites, beach villas, and one and two-bedroom overwater villas. Just steps from the hotel, guests will enjoy authentic American cuisine amidst the ultimate rock atmosphere at Hard Rock Cafe Maldives.

As Singha Estate and Hard Rock prepare to launch the first phase of the integrated development, construction works at the Emboodhoo lagoon, which is accessible by a 20-minute speedboat ride from the main airport, is well underway. Nine islands have already been created on reclaimed land in the lagoon.

While the first phase includes three islands, the entire development will witness the development of more than seven different hotel brands and 20 food and beverage destinations. A yacht marina, shopping promenade, a world-class beach club by Cafe Del Mar, a centre devoted to both local culture and marine life, and meeting and wedding facilities will also be developed.

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Maldives celebrates arrival of 2024’s 1 millionth tourist

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Maldives on Thursday welcomed the one millionth tourist to visit this year.

The one millionth tourist is a Thai named Sutapa Amonwivat, who arrived from Singapore with her husband and two children. This is her second visit to Maldives.

Maldives Marketing and Public Relations Corporation (MMPRC) and the Ministry of Tourism gave a warm welcome to Sutapa at the Velana International Airport (VIA) Thursday afternoon. She was welcomed at the VIA by tourism minister Ibrahim Faisal, MMPRC Managing Director Ibrahim Shiury and senior officials of various relevant agencies.

After welcoming her with traditional offerings, she was presented with various gifts by the ministry, MMPRC, customs, immigration, Maldives Association of Travel Agents and Tour Operators (MATATO) and Trans Maldivian Airways (TMA).

Maldives reached one million tourists in June, three weeks earlier than last year. The number of tourists reached one million on July 16, 2023.

Maldives expects to reach 2 million tourists this year.

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New air route connects Chongqing to Maldives

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Chongqing Airlines on Monday began its inaugural flights to Maldives.

The Chongqing-Male route, scheduled three times a week, is expected to strengthen the bonds between China and the Maldives, opening up exciting new opportunities for tourism and cultural exchange.

The inaugural flight was welcomed upon its arrival at Velana International Airport (VIA) in Maldives, where local officials and tourism representatives expressed their enthusiasm for this new development.

“We warmly welcome our friends from China to our beautiful islands. This new connection strengthens our bonds and opens up new opportunities for tourism,” the tourism ministry said on X.

Maldives currently welcomes four airlines from China, including China Eastern, Beijing Capital Airlines, Xiamen Airlines.

In January, Maldives government urged tourism stakeholders in both Maldives and China to ramp up efforts to restore China’s position as the primary source market for Maldives tourism, a status held before the onset of Covid-19.

China, being the largest source market for Maldives tourism before the pandemic, saw a resumption of tourist arrivals from January 2023 after a three-year hiatus due to the pandemic. In 2023, the Maldives welcomed 187,118 Chinese tourists, marking a significant recovery in numbers. This year, the Maldives has welcomed the most number of tourists from China, with over 107,940 or 11.5 percent of total arrivals by June 12. 

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CROSSROADS Maldives Introduces Weixin Pay at resorts for seamless guest experience

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CROSSROADS Maldives has introduced WeChat Pay, widely known as Weixin Pay in China, across its world-class resorts, SAii Lagoon Maldives, Curio Collection by Hilton, and Hard Rock Hotel Maldives. This payment option is made available to enhance the convenience and overall experience for guests from China, making their stay in the Maldives more enjoyable and hassle-free.

Understanding the needs of the diverse guests, CROSSROADS Maldives has integrated WeChat Pay into operations, allowing guests from China to easily and securely conduct transactions using a payment method familiar to them. The introduction of WeChat Pay is a testament to CROSSROADS Maldives’ dedication to enhancing guest satisfaction by offering exceptional experiences at every turn. What is also expected through this initiative is that the guests could benefit from better foreign exchange rates, translating to better savings on their expenditures during their stay.

The option is available for guests in-house conveniently at both resorts as well as across the Marina at CROSSROADS Maldives where a wider variety of unparalleled dining and retail experiences are available for all guests. The day visitors from China will also therefore equally benefit from this new introduction at the Maldives’ premier multi-island integrated leisure destination.

SAii Lagoon Maldives, Curio Collection by Hilton, is a vibrant tropical escape that offers unique and locally inspired experiences. The resort features spacious rooms and villas, a variety of dining options, and an array of recreational activities designed to cater to the desires of modern travellers. Guests can escape to the island’s SAiisational natural beauty, enjoy water sports, and indulge in spa treatments, all while relishing the personalised service that defines Hilton’s Curio Collection.

Hard Rock Hotel Maldives brings the iconic Hard Rock spirit to the tranquil shores of the Maldives. This family-friendly resort offers a perfect blend of relaxation and entertainment, featuring music-inspired experiences, live performances, and the brand’s signature amenities. With luxurious accommodations, diverse dining options, and a plethora of activities for all ages, Hard Rock Hotel Maldives ensures an unforgettable holiday experience for every guest.

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