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Minor Hotels sells three Maldives resorts, retains management

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Thailand’s Minor Hotels has sold three hotels in Maldives.

As part of its asset rotation strategy, parent company Minor International sold the leasehold rights of three Anantara-branded resort islands, along with the island, which houses the staff facilities of the three resorts: Dhigufinolhu island, home to Anantara Dhigu Maldives Resort; Veliganduhura island, home to Anantara Veli Maldives Resort; Kudahura island, home to Naladhu Private Island Maldives; and the staff island of Boduhura.

The islands are situated within the same lagoon, in close proximity to capital Male and the main Velana International Airport.

The transaction, worth 1.35 billion Thai Baht (USD 43 million), was completed in the last quarter of 2019.

However, Minor Hotels will continue to manage the three resorts under its Anantara brand.

“The cash proceeds were used to repay existing debt, and the gain on sale of such assets further solidified its equity base. As a result, MINT’s [Minor International’s] leverage position continued to improve, with its debt-to-equity ratio falling to 1.3x as at end of 2019,” Minor International’s Q4 2019 performance analysis report read.

The transaction improved MINT’s balance sheet, while MINT continues to manage the properties, which remain under its brands and continue to generate ongoing management fees.”

Minor Hotels did not disclose the buyer, but local media reports from the Maldives identified the buyer as US venture capital firm Blackstone.

This is the third major investment in the Maldives by Blackstone, the largest alternative investment firm in the world.

Blackstone had earlier this year acquired the leasehold rights of Conrad Maldives Rangali Island resort from local owner Crown Company for an undisclosed sum. The resort continues to be run managed by Hilton Worldwide, under its flagship Conrad Hotels and Resorts brand.

In February 2013, Blackstone acquired controlling stakes in Trans Maldivian Airways (TMA) and its sole competitor Maldivian Air Taxi (MAT). The two seaplane operators were merged under the TMA brand, creating the largest seaplane operator in the world.

A consortium led by US-based Bain Capital and Chinese conglomerate Tempus Group had in 2017 bought TMA from Blackstone for USD 550 million.

In addition to the three resorts sold, Minor Hotels owns and operates Anantara Kihavah Maldives Villas in Baa atoll and Niyama Private Islands Maldives in Dhaalu atoll.

This latest sale comes amidst increased activity in the Maldives hospitality industry.

Traditionally dominated by Asian investors, the Maldives is now attracting new sources of cross-border capital from Europe and the US. In the first six months of 2019, investments from new sources of capital represented USD 300 million, compared to the annual average deal volume of USD 120 million per year.

In April, German-based Seaside Hotels & Resorts acquired Finolhu Maldives, a resort in Baa atoll, for approximately USD 90 million.

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2 decades of culinary excellence: BBM’s founding legacy with Hotel Asia continues in 2025

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Hotel Asia Exhibition and International Culinary Challenge is referred to be the hospitality industry event in the Maldives. In this year’s Culinary Challenge (19 to 22 October 2025) comprising competitions over 20 categories, most will take place at the Faculty of Hospitality and Tourism Studies, Maldives National University, and some at the Synthetic Track, Hulhumalé.

A Founding Partnership that Endures

Since the very first edition in 2001, Bestbuy Maldives (BBM) has played a central role in shaping the International Culinary Challenge into the Maldives’ most prestigious culinary platform. The event has become a cornerstone for professional development, bringing together chefs from across the Maldives to compete, learn, and showcase their craft.

BBM and their associated Principals sponsor an overwhelming majority of categories. “From the beginning, our goal has been to create opportunities for Maldivian chefs to rise to global standards. This partnership has grown with the industry itself,” said A.V.S. Subrahmanyam, Chief Operating Officer of BBM.

Nurturing Local Talent

BBM’s contribution extends beyond sponsorship. The company has built a long-term system for recognizing and developing local culinary talent.

  • BBM Chairman’s Trophy for the Best Maldivian Competitor.
  • Most Promising Young Chef Award for emerging talent.
  • Global exposure programs for Maldivian chefs through sponsored participation in international events.
  • Pro-bono Masterclasses with world-renowned chefs to encourage learning and innovation.

Investing in the Future of Hospitality

Through initiatives such as Building Young Talent, BBM continues to mentor aspiring professionals and support the next generation of chefs. The company also promotes inclusivity by sponsoring opportunities for female and young chefs to gain international exposure.

BBM’s industry partnerships include its role as Title Sponsor of the Hotelier Maldives Awards, celebrating excellence across the Maldivian hospitality sector.

Proud Sponsors of Culinary Excellence

In 2025, BBM and its partner brands proudly sponsor 14 competition categories and 8 Main Awards, further strengthening their role in the development of culinary arts in the Maldives. Categories include Decorated Cake, Artistic Showpiece, Bread and Pastry Display, Three Desserts (Display), Desserts, Rice Dish, Asian Noodles, Team Challenge, Maldivian Dish, Creative Sandwich, Young Chef, Tea Challenge, tapas/finger food, and Iced Mocktail.

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Bestbuy Maldives, MNU forge partnership to advance hospitality education

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The Maldives National University – Faculty of Hospitality and Tourism Studies (MNU-FHTS) and Bestbuy Maldives (BBM) have officially signed a Memorandum of Understanding (MoU) to strengthen industry-academic collaboration and advance hospitality education in the Maldives.

The MoU was signed by Dr Aishath Shehenaz Adam, Vice Chancellor of MNU, and Ismail Hilmy, Chairman and Managing Director of BBM, during a ceremony attended by the university’s Chancellor Dr Mahmood Shaugee, senior management, and representatives from both organisations.

This partnership marks a significant milestone in developing a state-of-the-art Food and Beverage Practical Demonstration Kitchen at MNU-FHTS. BBM will support the upgrading of the existing Garde Manger kitchen and classrooms, contributing financially and materially to create a modern, industry-standard learning environment for future hospitality professionals.

Beyond infrastructure, the collaboration will extend to academic and training support, research and innovation in culinary arts, community engagement, and professional networking opportunities, ensuring that students gain practical, real-world experience aligned with industry expectations.

Highlighting the broader purpose of this partnership, BBM stated that, “This is a significant step in the direction of BBM’s vision involving hospitality industry outreach in the Maldives — because tomorrows start today. Initially, we will set up a world-class model kitchen that will be suitable for masterclasses and hands-on training for students; and also for product demonstrations, masterclasses, and interaction with groups of customers.”

Speaking at the ceremony, representatives from both institutions emphasised their shared vision to promote excellence in education, innovation, and human capital development in the Maldivian hospitality sector. This partnership underscores BBM’s continued commitment to supporting education and industry growth, and MNU-FHTS’s mission to bridge the gap between academia and industry — nurturing the next generation of hospitality leaders in the Maldives.

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SATA 2025 announces partnerships; confirms Hotelier Maldives, Maldives Insider as Media Partners

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Hotelier Maldives and Maldives Insider have been confirmed as official Media Partners of the South Asian Travel Awards (SATA) 2025. The announcement was made during a signing ceremony held at Hulhulé Island Hotel, Maldives, where SATA unveiled its distinguished partners for the 9th edition of the annual awards.

Now in its ninth year, SATA has become a key platform for recognising excellence in South Asia’s tourism and hospitality sector. The partnership with Hotelier Maldives and Maldives Insider will strengthen the awards’ regional visibility and ensure extensive coverage of the event across Maldives and beyond.

This year’s awards ceremony will take place from 19th to 20th September 2025 at Cinnamon Grand Colombo, Sri Lanka, bringing together industry leaders, stakeholders, and innovators from across South Asia.

In addition to the media partnership, SATA 2025 also announced its corporate partners. Honda Marine has been named the Platinum Partner, while The Hawks, Velana International Airport, and Allied Insurance Company of the Maldives join as Gold Partners. Renaatus Realty has been confirmed as the Silver Partner, and Hulhulé Island Hotel continues as the official Hospitality Partner in the Maldives.

Speaking at the ceremony, SATA organisers noted that the strong lineup of partners reflects the growing importance of collaboration within the tourism and hospitality industry. With the support of its partners, SATA 2025 aims not only to celebrate outstanding achievements but also to foster long-term cooperation and sustainable growth in the region’s tourism sector.

The awards are endorsed by leading national tourism bodies and associations across South Asia, including the Sri Lanka Tourism Development Authority, Nepal Tourism Board, Visit Maldives Corporation Limited, and several travel and hotel associations across the region.

This year’s evaluation process was conducted by a panel of nine jury members representing different countries, including tourism leaders from India, Sri Lanka, Bangladesh, Nepal, Bhutan, Spain, and the Maldives.

Through partnerships with media outlets such as Hotelier Maldives and Maldives Insider, SATA 2025 will ensure broad engagement across key markets, strengthening its position as one of South Asia’s most prestigious hospitality and travel award platforms.

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