Dusit International to open first resort in the Maldives

ospitality with the stunning tropical beauty of the Maldives.”

Mr Ahmed Umar Maniku, Chairman and Managing Director of Coastline Hotels & Resorts Pte. Ltd., Maldives and developer of Mudhdhoo Island Resort announced, “Coastline is extremely pleased with the sale of Mudhdhoo Island Resort, to such a highly respected and established brand such as Dusit International. We believe Dusit will bring not only a sizeable financial investment into the Maldives but will add significant value to the training and development of Maldivians through its outstanding hospitality training schools and colleges.”

The sale of the island was transacted by Maldives Resort Island Investments Pte. Ltd., whose core business is Resort Island Sales and Investments in the Maldives. Headed by Tom McLoughlin and Michael Flynn, they commented on the remarkable speed and efficency in finalizing this deal. “ We are very proud and excited to be working with both Coastline and Dusit International on this project. The Island attracted an immense amount of interest, from a wide range of prospective investors, but ultimately Dusit International was carefully selected due to their established brand within the hospitality sector”.

A total investment of some US$77,000,000 has been committed to this project with Dusit International as the majority shareholder. The signing ceremony was held at the Group’s flagship property, Dusit Thani Bangkok.

Source - eturbonews