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Brand new Maldives resort with airport, virgin island up for sale

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The Small Maldives Island Co. (TSMIC) has announced a new hotel investment opportunity in Maldives, with potential investors having the opportunity to own a recently-completed island resort, which comes with its own operational airport, and a virgin island.

Ifuru Resort is nestled in Raa atoll, a secluded enclave in the north of the Maldives. With a lease period of 50 years, this enticing property encompasses a spacious land area of 56.52 hectares.

The villas have been positioned for optimum views and privacy on a 7.5 hectare swathe of the island. With a total of 150 villas, they comprise of six Twin Villas, 100 Duplex Villas, 35 Beach Villas and nine Beach Villas with Pool. This creates a maximum bed capacity of 300.

With several beautifully-designed dining venues, there is ample room for guests to relax and enjoy the food and beverage offerings in a range of locations.

The all-day dining restaurant has a capacity of 215 guests, whilst the main bar can accommodate up to 72 guests for drinks and snacks. The grill restaurant seats up to 54 guests; the pool bar/area holds 124 guests; specialty Asian restaurant and wine-tasting area holds up to 68 guests; and, the sunset bar can seat up to 44 guests.

The public area consists of the main restaurants and kitchen, bar, buffet area, disco, restrooms, speciality restaurant with kitchen, main pool, reception, boutique, additional restrooms, arrival pavilion, buggy station, spa with two steam and sauna rooms plus eight treatment rooms

A tennis court, badminton court, recreation centre, clinic (with the doctor’s accommodation), fully-equipped gym, kids club, dive centre and water sports centre are also part of the public area.

On the other side of the island lies the back of house area.

It features staff accommodation made up of eight buildings, containing 16 rooms. This equates to a total of 128 rooms and a maximum staff bed capacity of 400.

The staff area also features 28 HOD accommodation rooms, eight executive apartments, a staff canteen, staff recreation area with gym, a staff shop and social/meeting hall, and an administration building.

A fully-equipped laundry, boiler rooms, maintenance building (with bottling plant area), cold storage and stores as well as a power house and RO plants are also part of the staff area.

As part of the offer to own the brand new resort, investors will get an operational airport and a beautiful virgin island.

Ifuru Airport has been operating since 2015, and is currently managed by Island Aviation Services, which owns the country’s flagship carrier.

The virgin island of Funadhoo is located in the adjacent Baa atoll – the north of the Maldives. It is 110km away from capital Male and takes 25-30 minutes to reach by seaplane, 20-25 minutes by a domestic flight and 3 hours by speedboat.

A total of 11.69 hectares of virgin land capable of accommodating around 90 villas (concept available) is available with a lease period of 50 years.

The virgin island of Funadhoo

Established in 2012, TSMIC is a resort management company in the Maldives for Coastline Hotels and Resorts.

Amilla Fushi is owned by Coastline Hotels and Resorts – part of the Coastline Group of companies, one of the Maldives’ largest private companies.

Coastline has developed and sold several resorts in the Maldives, including Finolhu Maldives (now Seaside Finolhu) and Mudhdhoo Island Resort (now Dusit Thani Maldives) in Baa atoll.

The company did not disclose the asking price for the deal. Interested investors are asked to directly contact the company at sales@amilla.mv.

Events

Maldives Association of Tourism Industry (MATI) holds its 34th Annual General Meeting

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The Maldives Association of Tourism Industry (MATI) held its 34th Annual General Meeting at Kurumba Maldives today, with a total of 100 members in attendance. 

The day’s events began with a welcome address from the Chairman of MATI, Mr. Mohamed Umar, who also presided over the session. The agenda included an address from the Secretary General, Mr. Ahmed Nazeer, the review and approval of the minutes of the 33rd AGM, the review and adoption of the Annual Report and Financial Reports for 2023, the approval of the 2024 budget, the appointment of auditors for 2024, the welcoming of new members and election of executive board members to the two vacant positions (by-election).

In the member discussion session, the following topics were covered: the Government’s aim to reach net-zero emissions by 2023 and renewable energy generation in the Tourism Industry, new terminal of Velana International Airport and developments, employment challenges, the Industrial Relations Act and trade unions, environmental conservation and the significance of creating and executing efficient management plans for protected areas like the South Ari Marine Protected Area (SAMPA).

Following the official proceedings, the Minister of Tourism Hon. Ibrahim Faisal and the Minister of Economic Development and Trade Hon. Mohamed Saeed joined the forum. The Ministers provided remarks and engaged in a Member Q&A session. This session provided members with the chance to directly engage with the Ministers and delve into crucial industry topics. The queries focused on the Economic Outlook, forthcoming development plans and  immediate challenges and issues affecting the Tourism Industry.

A video presentation was also showcased that delved into the extensive work undertaken by MATI in 2023. The video also touched upon the Tourism Industry’s performance over the past 5 years, as well as the current and projected human resource capacity of the sector.

In his closing remarks, the Secretary General highlighted the importance of collaborative efforts in addressing industry challenges and called for greater unison amongst industry stakeholders, ending with an acknowledgement of the promising start to the year in terms of arrivals.

Executive Board Members elected to the 2 vacant positions (by-election):

  1. Ibrahim Shareef, CEO and Managing Director of Maldives Airports Company Limited
  2. Renato De Olivera, General Manager of The Ritz-Carlton Maldives, Fari Islands and representative of Marriott International
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Unlocking power of travel storytelling at Travel Creators Exchange 2024

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Join us for the Travel Creators Exchange 2024, taking place on February 1, 2024, at the Hotel Jen in Male’, Maldives.

This dynamic event provides a platform for networking and collaboration among Maldives-based travel creators, fostering connections, idea-sharing, and the establishment of lasting partnerships to expand opportunities and monetise content.

Our lineup of distinguished speakers includes:

  • Zihuny Rasheed, Deputy Managing Director of MMPRC, will present on “Power of Digital Storytelling: Collaborative Strategies for Destination Promotion.” MMPRC actively markets the Maldives globally, utilising a comprehensive approach that includes travel trade shows, roadshows, digital marketing, and more.
  • Amjad Thaufeeg, Commercial Director of Kuda Villingili Maldives Resort, brings over 23 years of hospitality industry experience. He will discuss “The Role of Content in Tourism Marketing,” drawing on expertise in revenue, customer service, sales & marketing, and human capital development.
  • Suresh Dissanayake, Assistant Vice President of Sales & Marketing of Heritance Aarah & Adaaran Resorts, with nearly two decades of experience, will shed light on “What does a Sales and Marketing Director Do?” He brings extensive luxury hospitality experience and a proven track record in sales, distribution, and marketing.
  • Vishal Amir Ahmed, a versatile cinematographer and content creator, will explore “Who is a Content Creator.” Currently associated with Various Arts Studio, he specialises in providing multimedia solutions to various clients.

Organised by Maldives Insider, Maldives Virtual Tour, Travel Trade Maldives, and Hotelier Maldives, this collaborative effort aims to empower Maldives-based travel content creators and elevate the Maldives as a premier destination for captivating travel storytelling.

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Acclaimed contemporary artist Ana Pušica explores perpetuality and community at Patina Maldives

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Ana Pušica Kramer, an internationally  acclaimed contemporary artist, joins Patina Maldives for an exclusive  art residency in the now infamous Fari Art Atelier. From January 22 to  February 22, 2024, Ana Pušica will grace the shores of the Fari Islands,  weaving a vibrant narrative of colour and emotion across her larger  than-life canvases. 

Her artistry transcends boundaries, melding abstraction and figuration into awe-inspiring masterpieces. Having exhibited globally, from New York to Beijing, Ana’s paintings are a physical, intuitive act rooted in movement.  Described as a “beautiful fluorescent thunderstorm,” Ana’s art explores light and colour, capturing the energy of life itself. 

The Fari Art Atelier which has previously hosted the likes of Daniel Arsham, Chris Stamp and David Nott, will be transformed into Ana’s studio and gallery showcasing her enthralling artworks—a mesmerising journey through poetry, memory, and the vibrant interplay of colour. Guests at Patina are invited to delve into Ana’s world, where each stroke reveals layers of meaning, evoking sensations of intense lightness and boundless interpretation. 

At Patina Maldives, Ana will immerse herself in a month-long residency, inviting the Patina Malidves community or guests and team to witness her artistic fervour firsthand. Guests will have the rare opportunity not only to observe her creative process but also to engage with and create art alongside this luminary.

Experience artistry at its most exclusive

Art Exhibition
Experience Ana’s captivating exploration of colour and emotion in her spellbinding artworks displayed at the Fari Atelier.

Art Workshops: Message in a Bottle
As part of a collaborative artwork, Ana invites Patina guests to participate in short workshops, actively contributing to the creation of a permanent installation at Patina Maldives.

Open Studio Session
Join Ana for an exclusive open studio session, offering guests a behind the-scenes look at her creative process.

Ana Pušica residency package
Discover a world where creativity knows no bounds as Ana Pušica, the maestro of contemporary art, transforms Patina Maldives into an immersive canvas of inspiration.

Book now to secure your experience.
For more information and reservations, please visit Patina Maldives or contact
reservations.maldives@patinahotels.com

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