Properties

Angsana Velavaru

  • Property Details
  • Overview
Property Details [  –  ]
Number of Guest Rooms 79 Beachfront Villas, 34 InOcean Villas
Number of F&B Outlets Four outlets comprising Kaani Restaurant, Funa Restaurant, Azzurro Restaurant and Bar, and Kuredhi Pool Bar
Other facilities Angsana Spa & Gallery, Marine Conservation Lab, PADI 5 Star Gold Palm Dive Centre, Watersports Centre, Kids Club, Wedding Pavilion, Gym and Clinic
Land area 67,717 sq m
Title 50-year leasehold interest commencing from 26 August 1997
Purchase price at 31 January 2013 US$71.0 million
Valuation (1) as at 31 December 2021 US$52.5 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
FY 2021 Key Financials [  –  ]
Rental income S$6.6 million (2)
(US$4.9 million)
Net property income S$6.4 million (2)
(US$4.8 million)
Average occupancy rate 49.6%
  • (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$1.3428.

Velavaru Island, South Nilandhe Atoll, Republic of Maldives

  • Guest Room

    113
    Guest Rooms

  • Land Area

    67,717 sq m
    Land Area

The Maldives is a nation of coral islands scattered across the Indian Ocean, consisting 26 natural atolls with over 1,100 islands. The 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 the Maldives archipelago in the South Nilandhe Atoll. It occupies the island of Velavaru, one of the more intimate lagoons in the Maldives. The Angsana Velavaru resort is a 40-minute scenic seaplane ride from Malè 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 Velavaru's product offering and market positioning, a new main public pool was constructed in August 2019 and all 79 Beachfront Villas were renovated between 2019 and 2020. Infinity pools were also added to 24 of these villas where guests can have a more enjoyable experience at the resort.

Offering a Maldivian-style resort, Angsana Velavaru is positioned for romantic vacations and family and group getaways. Angsana Velavaru is the first resort to introduce the concept of standalone overwater 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, an award-winning spa, cooking classes, lifestyle gallery, a marine conservation lab, water sports and dive center and kids' club.

Notable accolades include:

  • TripAdvisor Traveller's Choice 2021
  • EarthCheck Gold Certificate (2019 – 2020)
  • TripAdvisor Certificate of Excellence 2019
  • Luxury Travel Guide Spa & Wellness Awards 2018

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