Corinthia has signed a hotel management agreement to operate a luxury resort in Kaafu atoll starting 202in 5.
The resort will be developed in lagoon number 19 leased to Maarah Private Limited by the tourism ministry.
The new resort will be developed by Maarah Pvt Ltd, a Maldivian entity, affiliated with Maarah Holdings Ltd, a United Arab Emirates company registered within the Dubai International Financial Centre, being part of Niro Investment Group from Romania.
"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," commented Simon Naudi, CEO of Corinthia Hotels.
Early works on reclamation and the first phase of the development have commenced and will feature two islands.
Corinthia Maldives will feature aquatic-inspired architecture
Corinthia Maldives will feature aquatic-inspired architecture designed by global firm HKS. The main pavilion and all villas are taking on forms and shapes that take inspiration from the gentle curves of the ocean's Manta Ray.
The resort will also include state of the art wellness facilities, multiple fitness spaces and a choice of five restaurants operated by internationally renowned brands.
"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," stated René Beil, Managing Director, Maarah Holdings and Maarah Pvt Ltd.
"We are fortunate of our thirty years' legacy of real estate investments and developments of pioneering nature and we are privileged to be partners with a leading luxury hospitality brand such as Corinthia".
Corinthia Maldives will feature aquatic-inspired architecture
Other than HKS as lead architects, several contractors and engineering firms have been engaged on the project. These include RLB Hoolooman as Project Manager, having already completed 14 resorts within Maldives, working alongside Maldives Transport and Contracting Company (MTTC) which has been appointed as the main contractor for land reclamation and shore protection works.
China State Construction has been appointed as the General Contractor while Beaufort Global, a leading and reputable hospitality asset management firm based in Dubai has been appointed as Asset Manager.
