Sanken group invests in Maldivian hotel project
View(s):Owners of Cinnamon Red invest on Maldives hotel project Sanken Group, the owners of the recently opened Cinnamon Red Hotel, said this week it was investing in a new US$50 million hotel project in the Maldives.
Set to open in Q1 2016, “Amari Havodda” is owned by Crystal Plaza Resorts, a joint venture between the overseas arm of Sanken, “Sanken Overseas” and a Miami-based Saudi entrepreneur, Laith Pharaon.
The property will have 120 Villas, including 48 Beach Villas, 12 Beach Pool Villas, 58 Overwater Villas and two Overwater Suites, according to a joint media statement.
Commenting on the new deal, Co-owner of Crystal Plaza Resorts, Mevan Gunatilleke said: “We are thrilled to be developing a new upscale property in the Maldives with a strong hospitality brand like Amari. I believe Sanken’s expertise in luxury resort construction for over 30 years in a number of countries, combined with the natural beauty of our hand picked island would produce a highly unique product in the Maldives. We are very excited..”
President and CEO of ONYX Hospitality Group, Peter Henley said:
“Tourism in the Maldives is strong and we see huge potential for an upscale brand like Amari. Our entry into the Maldives with Amari Havodda marks a key step in our international development plan. We look forward to the exciting times ahead as we work closely with our partners to create a contemporary and relaxing haven for future guests.”