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Villingili Resort and Spa, available for immediate acquisition

Rabeeha Amir
26 June 2022, MVT 09:24
Villingili Resort and Spa, Addu Atoll -- Photo: Mihaaru
Rabeeha Amir
26 June 2022, MVT 09:24

One of the largest single-resort islands in the Maldives archipelago, Villingili Resort & Spa, formerly known as Shangri-La's Villingili Resort and Spa, has been made available for investment. Since the outbreak of the Covid-19 pandemic, the resort's operations have been suspended for more than two years.

On behalf of Addu Investment Private Limited, CBRE group has been appointed as the sole agent for the sale of the properties under the Shangri-La brand in the Maldives. CBRE is one of the world's largest commercial real estate services and investment firm. Starting from June 7th, 2022, CBRE will accept Expression of Interest (EOI) offers from investors.

The Resort is located on a 50-hectare, naturally occurring island with six kilometers of stunning coastline, a lush jungle interior, and mesmerizing active coral reefs nearby. Villingili Resort & Spa is strategically located in the midst of the Indian Ocean, just south of the equator.

Gan International Airport, which serves domestic flights, private jet aircraft, seaplanes, and international aircraft and previously received flights from South Africa and Sri Lanka, is just a five-minute scenic speedboat ride from the island and can be reached via a 70-minute flight from Velana International Airport.

Villingili Resort & Spa, which was constructed to the finest standards, has 132 deluxe overwater, private beach, tropical tree house, and presidential villas, each of which offers a quiet and opulent atmosphere. The resort also has a nine-hole golf course, three natural lagoons, two tennis courts, six restaurants, and a spa that has won awards.

Villingili Resort & Spa offers a potential investor the chance to acquire direct exposure to the greatest performing resort market in the world while developing a market-leading product under their chosen brand. It is available with the benefit of vacant possession. This is a critical, once-in-a-lifetime purchasing opportunity because of the unrealized development potential to significantly increase the resort's current footprint without the need for land reclamation or other development works.

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