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Universal Resorts transforms into VERSA, unveiling NIVA as cornerstone of international growth strategy

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Universal Enterprises, parent company of Universal Resorts, which pioneered Maldivian hospitality over 50 years ago, on Monday announced the rebranding of its hotel management arm to VERSA Hospitality and simultaneously launched its new hospitality lifestyle brand, NIVA Hotels & Resorts.

This strategic shift transforms the independent family business from a respected and largely B2B-focused resort owner and operator into a globally recognised, consumer-centric hospitality brand designed for future growth into international markets.

Ahmed Umar Maniku, Managing Director of Universal Enterprises, said: “For over five decades, we’ve operated our iconic Maldives resorts very successfully and worked closely with our tour operating partners, pioneering the very concept of Maldivian resort life. We had a bold vision to share this extraordinary destination with the world, starting with the opening of Kurumba, the first resort in the Maldives, in 1972, and going on to create world-renowned resorts such as Baros, Kuramathi, Huvafen Fushi, Velassaru, Milaidhoo and Labriz. Now, as the global travel landscape evolves, it’s time for the group to step out, building brand recognition with our guests, partners and the wider industry. VERSA isn’t merely a new name; it’s a strategic repositioning to unlock the full potential of our resort portfolio and position the company for our future growth ambitions.”

This announcement coincides with the appointment of Visha Mahir, a second-generation member of the founding family and board director of Universal Enterprises, as Chief Executive Officer of VERSA Hospitality. Visha has held a number of senior leadership positions within Universal Enterprises for the past two decades, most recently as Chief Operating Officer of Universal Resorts.

Visha Mahir, CEO of VERSA, added: “It’s a privilege and genuine honour to step into this role and lead our family business into this new chapter. Our story is woven into the very fabric of this island nation. Yes, we’re recognised as innovators in Maldivian luxury hospitality, but more importantly, we’ve built our reputation on authenticity and a deep connection to our home. Our aim at VERSA is to respect that precious past, ensuring that as we expand, our heritage and heartfelt service remain at the core of everything we do.”

NIVA: the cornerstone of VERSA’s new growth strategy

The creation of NIVA is central to the group’s transformation. As the new lifestyle-led hospitality brand, NIVA is positioned to be the company’s key vehicle for growth and market relevance.

Coined from the words ‘nourish’ and ‘viva’, NIVA reflects a new era of travel where emotional fulfilment takes precedence over status. It speaks to a new generation of travellers seeking genuine, unforced experiences, where the freedom to simply be nourishes life.

NIVA will unite six of Universal’s Indian Ocean properties, including the historic Kurumba in the Maldives and new destinations in the Seychelles, under one philosophy: to bring lightness back to travel. Rather than chasing curated perfection, NIVA will create spaces that allow for unplanned, unforced and unforgettable moments.

“The launch of NIVA is crucial to our evolution. It provides the common thread that links our key properties, ensuring that no matter the location, our guests instantly recognise our core values and feel confident in the consistent level of warm and authentic service they can expect. The creation of NIVA will help us scale our unique philosophy into new markets and the brand will be the engine of our international expansion strategy,” added Mahir.

The VERSA portfolio and vision

VERSA Hospitality is at the helm of the new structure, guiding the group’s direction and ambitions. The name, drawn from the word Universal, symbolises evolution: the ability to reveal new dimensions of destinations and chart a new course with a sense of timeless quality, while remaining firmly rooted in the company’s rich heritage.

The VERSA portfolio will be defined by two distinct yet complementary divisions: NIVA, a lifestyle-led hospitality brand, and a collection of iconic standalone destinations.

NIVA Hotels & Resorts

A new lifestyle-led brand, focused on giving guests cohesive, effortless and authentic experiences, will start with a portfolio of six resorts in the Maldives and Seychelles:

  • Niva Kurumba (Maldives)
  • Niva Velassaru (Maldives)
  • Niva Kuramathi (Maldives)
  • Niva Dhigali (Maldives)
  • Niva Labriz (Seychelles)
  • Niva Aria (Seychelles) – opening in 2026

THE VERSA COLLECTION – Unique and independent properties

This is a collection of distinct and acclaimed standalone destinations that Versa continues to curate, celebrating their individual characters and histories. The collection includes iconic Maldives resorts such as Baros, Milaidhoo, Huvafen Fushi and Kandolhu, and over time will expand to include more properties worldwide.

“When we created the business, it was never just about resorts; it was always about places: what they could become and what they could mean to someone,” said Mahir.

“The name VERSA captures this idea of transformation: islands became destinations, journeys became memories and moments became part of someone’s story. From the Maldives to the wider world, Versa will continue to reveal the true character of every place in our care, sharing it with the generosity that defines our hospitality.”

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Grand Park Kodhipparu redefines family escapes with ‘Life in Residence’ offer

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As luxury travel continues to evolve, today’s travellers are placing greater value on quality time together, shared experiences and the freedom to enjoy more spacious, private accommodation. Responding to this growing trend, Grand Park Kodhipparu Maldives has introduced Life in Residence–a new direct booking offer centred around the resort’s most exclusive villa category, the Grand Residence.

Launching as part of the resort’s Summer Lagoon Living campaign, Life in Residence celebrates a more relaxed way to experience the Maldives, inviting multi-generational families, groups of friends and guests seeking additional space to enjoy the island at their own pace.

Positioned at the very end of the jetty, the Grand Residence is a secluded two-bedroom retreat offering uninterrupted Indian Ocean views, generous indoor and outdoor living spaces, a private infinity pool and dedicated 24-hour butler service. Designed for up to six guests, it provides an exceptional setting for family holidays, milestone celebrations or simply spending more meaningful time together.

“Luxury today is increasingly defined by the quality of the time we spend together,” says Raffaele Solferino, General Manager of Grand Park Kodhipparu Maldives. “Life in Residence was created for guests who want a more personal Maldives experience—whether travelling with family, celebrating with friends or simply enjoying the comfort, privacy and space of our most exclusive villa.”

Available exclusively through direct bookings, Life in Residence includes 20% savings through Park Rewards for both existing members and new sign-ups, complemented by a collection of experiences designed to help guests make the most of their time on the island.

Days begin with breakfast at The Edge Restaurant, while sunrise and sunset yoga sessions invite moments of relaxation. Guests can discover the vibrant house reef alongside the resort’s resident marine biologist, with complimentary snorkelling equipment provided throughout their stay, and enjoy the attentive support of a dedicated Lifestyle Host to personalise their island experience from arrival to departure.

Located just 20 minutes by speedboat from Velana International Airport, Grand Park Kodhipparu Maldives combines effortless accessibility with the intimacy of a luxury boutique island retreat. With its award-winning house reef, expansive lagoon, FireDoor signature dining experience and contemporary villa design, the resort offers an ideal setting for families, couples and friends looking to reconnect in one of the Maldives’ most beautiful natural environments.

Whether gathering generations under one roof, celebrating a special occasion or simply enjoying the luxury of additional space, Life in Residence offers a new way to experience the Maldives.

Life in Residence is available now for direct bookings via the resort’s website.

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Villa Nautica turns reef into living classroom through coral restoration project

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Villa Nautica and diveOceanus, in partnership with The Hub 10 – Finland International School, have launched the first phase of a long-term coral restoration and citizen science programme, transforming the reef surrounding the resort into a living classroom.

Following an introductory marine biology session at the school, students visited Villa Nautica to work alongside the diveOceanus team. They learned how to identify coral species, measure coral fragments, assess coral health and record baseline scientific data before preparing five dedicated coral restoration frames.

The initiative extends beyond a traditional coral planting activity. Each coral fragment has been individually recorded through a Coral Tracker system, allowing students to follow its progress over time. When they return approximately six months later, they will compare new measurements with the data collected during their first visit, documenting coral growth, survival and the marine life beginning to establish around the frames.

Over time, students will be able to observe how initially bare structures develop into functioning reef habitats that support fish and other marine organisms. As each class graduates, responsibility for the monitoring programme will pass to the next group, creating a continuous citizen science project in which each generation builds on the work of those before them.

The initiative forms part of Villa Nautica’s wider coral restoration programme, established in 2024 and managed by diveOceanus. The resort currently maintains approximately 65 coral restoration frames, contributing to more than 130 frames established across Villa Resorts.

Mohamed Seeneen, Director of Operations at diveOceanus, explained that the team has gained valuable knowledge through years of reef restoration during periods of elevated sea temperatures.

“Over the years, we have experienced several marine heatwaves that have affected reefs throughout the Maldives. While our restoration sites have also experienced losses, they have shown encouraging resilience. Rather than continually introducing new donor colonies, we focus on propagating coral fragments that have naturally survived previous bleaching events, allowing these more resilient corals to form the foundation of future restoration.”

The team has already observed coral colonies beginning to develop into more natural reef formations. Species such as the Harlequin Filefish have also been seen returning regularly to the restoration sites, providing an encouraging indication that the developing habitats are supporting marine biodiversity.

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Reethi Faru Resort named among Tripadvisor’s top 10% worldwide

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Reethi Faru Resort has announced that it has been recognised as a winner of the Tripadvisor Travellers’ Choice Awards 2026, placing the resort among the top 10% of hospitality businesses worldwide on Tripadvisor.

As the world’s largest travel guidance platform, Tripadvisor has unparalleled authority among travellers. The Travellers’ Choice Awards are based entirely on genuine reviews and ratings submitted by guests over a 12-month period, recognising businesses that consistently deliver exceptional experiences.

Reethi Faru Resort is grateful to its guests for their continued support and for sharing their experiences on Tripadvisor. This recognition would not have been possible without their trust and valuable feedback. The resort also extends its heartfelt appreciation to its dedicated team, whose passion, professionalism, and commitment ensure that every guest enjoys a truly memorable stay.

Receiving this award once again is a proud milestone for Reethi Faru Resort and reflects the authentic Maldivian hospitality and exceptional service that define the resort. As one of the travel industry’s most respected accolades, the Tripadvisor Travellers’ Choice Award inspires the team to continue delivering excellence in every aspect of the guest experience.

“Congratulations to Reethi Faru Resort on its recognition in Tripadvisor’s Travellers’ Choice Awards for 2026,” said Matt Dacey, Chief Marketing Officer, Tripadvisor. “Ranking among the top percentage of businesses globally means you have made such a memorable impact on your visitors that many of them took time to go online and leave a glowing review about their experience. We hope this recognition continues to drive business to you in 2026 and beyond.”

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