- Property Details
Property Details [ – ]
|Number of Guest Rooms||79 Beachfront Villas, 34 InOcean Villas|
|Number of F&B Outlets||Three restaurants and two bars comprising Kaani Restaurant, Funa Restaurant, Azzuro Bar, Kuredhi Bar and Castaway Island dining|
|Other facilities||Angsana Spa & Gallery, extensive recreational activities, Marine Conservation Lab, PADI 5 Star Gold Palm Dive Centre, Kids Club, Beach Pavilion|
|Land area||67,717 sq m|
|Title||50-year leasehold interest commencing from 26 August 1997|
|Vendor||Maldives Bay Pvt Ltd|
|Purchase price at 31 January 2013||US$71.0 million|
|Valuation (1) as at 31 December 2017||US$60.0 million|
Master Lease Details [ – ]
|Master lessee||Maldives Bay Pvt Ltd, a subsidiary of Banyan Tree Holdings Limited|
|Term of lease||10 years from 1 February 2013|
|Minimum rental income||Minimum rent of US$6.0 million per year guaranteed by master lessee / Banyan Tree Holdings Limited, subject to maximum rent reserve of US$6.0 million for the lease term|
- (1)The property was valued by CBRE Pte. Ltd. using a combination of the Capitalisation and Discounted Cash Flow approaches.
- (2)Based on the average exchange rate of US$1.00 = S$1.3816.
Velavaru Island, South Nilandhe Atoll, Republic of Maldives
67,717 sq m
Maldives is a nation of coral islands scattered across the Indian Ocean, consisting 26 natural atolls with over 1,100 islands. Maldives' tropical climate, white beaches, rich marine environment, "one-island-one-resort" concept and ease of accessibility from Europe, the Middle East and Asia have firmly established the island paradise as a top-tier destination for luxury tourism.
The property is located at the southern edge of Maldives archipelago in the South Nilandhe Atoll. It occupies the island of Velavaru, one of the more intimate lagoons in Maldives. The Angsana Velavaru resort is a 40-minute scenic seaplane ride from Malé International Airport. It comprises 79 Beachfront villas and 34 InOcean villas, providing guests the opportunity to enjoy two distinct experiences at one resort. To strengthen Angsana Velavarus product offering and market positioning, 28 Beachfront villas will undergo refurbishment in 2018.
Angsana Velavaru is the first resort to introduce the concept of standalone water villas, which are exclusively positioned at the edge of the reef about one kilometre away from the main island. Facilities within the resort include three restaurants, two bars, a private picnic island, an award-winning spa, a cooking school, a lifestyle gallery, a marine conservation lab and a kids' club.
Notable accolades include:
- Southern China Extreme Tourism Awards 2017 by Guangzhou Daily Favorite Island Hotel Resort
- Destination Readers Choice Awards 2017 Top 10 Best Hotel in Maldives
- Agoda.com Gold Circle Award 2015
- Best Luxury Beauty Spa Winner 2013 World Luxury Spa Awards
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