Villingili Resort & Spa, previously ‘Shangri-La’s Villingili Resort and Spa’ – a luxury resort and one of the largest single-resort islands in the Maldives archipelago has been opened for acquisition. The resort’s operation has been shut down for more than two years since the onslaught of Covid-19 pandemic.
CBRE group, the exclusive agent for the sale of Shangri-La brand’s properties in the Maldives and has been appointed on behalf of Addu Investment Private Limited for the acquisition. CBRE has opened for investors to submit their Expression of Interest (EOI) proposals, starting from the 7th of June 2022
The Resort is set on a 50-hectare pristine natural island, with six kilometers of picturesque coastline, alongside dense green jungle, and lively nearby coral reefs. Situated just south of the equator, Villingili Resort & Spa occupies a strategic location in the middle of the Indian Ocean.
The island can be reached via a 70-minute flight from Male International Airport and is a mere five-minute scenic speedboat journey away from Gan International Airport, servicing domestic flights, private jet aircraft, sea planes and international aircraft, having received flights from South Africa and Sri Lanka prior to the pandemic.
Built to the highest of quality, Villingili Resort & Spa comprises of 132 luxury overwater, private beach, tropical tree house villas, and two presidential villas – each one providing a secluded and luxurious feel. In addition, the resort features six restaurants and bars, an award-winning spa, two tennis courts, three natural lagoons and a nine-hole golf course.
Available with the benefit of vacant possession, Villingili Resort & Spa gives an incoming investor the opportunity to gain immediate exposure to the best performing resort market in the world, creating a market-leading product under their chosen brand. The untapped development potential to substantially expand the Resort’s existing footprint, without the need for land reclamation or substantial development works, makes this a strategic, once-in-a-lifetime acquisition opportunity.
To see the full details about this acquisition, please click here.