Sun Travels & Tours pays USD 31 million to Hilton as per arbitral award

Sun Travels & Tours Pvt Ltd has paid the total sum of USD 31 million (more than MVR 480 million) to Hilton International Manage (Maldives) Pvt Ltd as per the arbitral award issued in regard to the termination of the agreement between the companies for the management of Irufushi Beach and Spa Resort in Noonu Atoll.

The dispute arose when the management agreement regarding the running of Irufushi Beach and Spa Resort between Maldives Development Alliance (MDA) Leader and Member of Parliament for Meedhoo constituency Ahmed Shiyam Mohamed's Sun Travels and Hilton was terminated by Sun Travels in 2013.