Corinthia has signed a hotel management agreement to operate a luxury resort in the Maldives.
The resort is being developed by Maarah Holdings, a UAE company registered within Dubai International Financial Centre, which is a member of Romania’s Niro Investment Group.
Early works on reclamation and the first phase of the development of the resort located on the Kaafu Atoll have commenced and will feature two islands hosting a 73-key resort on the larger of the two and a second, smaller private island for exclusive use.
Corinthia was founded in Malta in 1962 by the Pisani family. The company has grown over the years into a multinational investor, developer and operator of hotels and real estate.
What they said
Simon Naudi, CEO of Corinthia Hotels, said: “We are thrilled to announce the arrival of Corinthia in the Maldives. Together with our partners, the developers, we will work to create a unique architectural statement that will delight the senses.”
René Beil, Managing Director, Maarah Holdings, said: “We are excited about this milestone Maldivian luxury resort development, which is located only 15 minutes from Male International Airport and which will provide long-term local employment opportunities whilst contributing towards the growing destination tourism economy of the Maldives."