Rosewood Hotels-Branded Ultra Luxury Resort To Be Developed In Maldives By Estithmar Holding
Monday 13th of March 2023
Estithmar Holding, a Qatari investment company has unveiled plans to develop a Rosewood Hotels-branded ultra-luxury resort in the Maldives, scheduled to be opened in the first quarter of 2025. The investment company is renowned for its commitment to excellence and takes on an innovative project to develop a world-class luxury resort in the Maldives.
The ultra-luxe resort will be managed by the globally esteemed hotelier brand Rosewood Hotels & Resorts and will be developed by Estithmar Holding’s subsidiary, Royal Resorts. Aspiring to become a feat of architectural design, the property will feature approximately 120 beach and overwater villas, housing between 1 to 5 bedrooms and complemented by their own private pools. More pools will be dotted along selected locations on the island too together with a handful of world-renowned speciality restaurants.
The total investment for the resort development is valued at US$ 343 million and once finished will embody the perfect fusion of luxury and sophistication, demonstrated in all spaces and designs of the resort. At the heart of the resort, several facilities will be established to elevate guest experience further including a wellness centre, beach club and elegant dining spaces. Seeking to deliver guests experiential luxury, special amenities will be available to be availed, forming part of the distinctive experience.
Continuously named the World’s Leading destination, the Maldives remains a top tourist destination with high occupancy sustained throughout the year. The rates of return on investments in the tourism industry of the Maldives are ranked among the highest in the world, making it particularly alluring for investors to seek and make substantial returns on investment. The company aims to make the Rosewood property a highly sought-after resort in the Maldives that caters to even the most discerning affluent travellers worldwide.
On the occasion, the Chairman of Estithmar Holding, Moutaz Al Khayyat, said, “The investment opportunities in the Maldives are highly flexible, and the investment environment is encouraging and plays an active role in stimulating the global private sector to innovate a number of projects that enhance tourism and entertainment programs.”
President of Rosewood Hotels & Resorts, Radha Arora remarked “The Maldives is an ideal location for a Rosewood property, and we are looking forward to bringing our A Sense of Place philosophy to life in this incredible destination. We are pleased to partner with Estithmar Holding on this ambitious project, which is sure to raise the bar for ultra-luxury experiences in the Maldives.”