Centara Hotels & Resorts has signed a new hotel management agreement for its fourth beach resort under the Centara umbrella in the Maldives – Centara Grand Muthaafushi Resort & Spa Maldives.
The signing ceremony took place between Centara Hotels & Resorts and partners Muthaafushi Orient Investments and Well Land Investment.
Under the agreement, Centara Hotels & Resorts will manage and operate Centara Grand Muthaafushi Resort & Spa Maldives, a new five-star resort in the South Western portion of Baa Atoll.
It will comprise 24 land villas and 77 water villas with an array of international restaurants including an underwater restaurant, a floating cinema, a dedicated Thai spa, a fitness centre, and other facilities expected in a Centara Grand resort.
The new resort is expected to have soft opening in the fourth quarter of 2018 and grand opening in 2019.
Thirayuth Chirathivat, chief executive, Centara Hotels & Resorts remarked: “We are delighted to be selected by Muthaafushi Orient Investments to manage and operate their new five-star resort in the Maldives.
“We believe that Centara Grand Muthaafushi Resort & Spa Maldives will fit well into our Centara Grand resort portfolio.
“This expansion of the business in the Maldives is in line with Centara’s growth strategy to strengthen our presence both in the South Asian region and internationally.”
Baa Atoll, also known as Southern Maalhosmadulu Atoll, is approximately 123 kilometres north-west of Malé International Airport in the Maldives.
Consisting of 75 islands dotted around three separate natural atolls, Baa Atoll is home to some of the richest biodiversity in the region, and as such has held the status of UNESCO World Biosphere Reserve since June 2011.
The recognition was a significant achievement for the Maldives, placing it in the company of world famous ecological sites.