Hotel Investment Opportunity in Hanimaadhoo, Maldives
Prime coastal property with six bungalows converting into a luxury hotel, featuring stunning beach views.
| Established | 1-5 year(s) |
| Employees | < 2 |
| Legal Entity | Private Limited Company |
| Reported Sales | Nil |
| Run Rate Sales | Nil |
| EBITDA Margin | Nil |
| Industries | Hotels |
| Locations | Hanimaadhoo |
| Local Time | 8:08 PM Indian / Maldives |
| Listed By | Business Owner / Director |
| Status | Active |
Partial Stake Sale
USD
170 thousand
for
30.0%
stake
(Native Currency: USD 170,353)
Reason: Funds will be used to renovate and build 8 new rooms with attached toilets, and purchase furniture a...
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Business Overview
- Business plans to start a hotel by converting the bungalows owned by the owner into hotels.
- There are 4 bungalows with 3 rooms each and 2 more will be added to each.
- Hotel will have a beach view and is close to the international airport.
- Customers can go island hopping to nearby islands including historic islands like Utheem, Matheerah, and Barah, dolphin watching, snorkeling, night and big game fishing, and day tours to sandbank and diving to the coral reef.
- Sea trekking around H. Alifu and H. Dhaalu atolls will be also be introduced.
- Other significant amenities in spite of the season would be beach dinner arrangements, surprise birthday events, and a buffet once a week for dinner.
- There are 4 bungalows with 3 rooms each and 2 more will be added to each.
- Hotel will have a beach view and is close to the international airport.
- Customers can go island hopping to nearby islands including historic islands like Utheem, Matheerah, and Barah, dolphin watching, snorkeling, night and big game fishing, and day tours to sandbank and diving to the coral reef.
- Sea trekking around H. Alifu and H. Dhaalu atolls will be also be introduced.
- Other significant amenities in spite of the season would be beach dinner arrangements, surprise birthday events, and a buffet once a week for dinner.
Products & Services Overview
Business plans to start a hotel by converting the bungalows owned by the owner.
Assets Overview
The business currently does not own any assets.
Facilities Overview
The 4 bungalows sit in an area of 12,000, sq. ft. near the western beach on the island of Hanimadhoo in Northern Maldives.The built-up area is about 6,000 sq. ft.
Though the bungalows are family-owned they will be rented for 10 years at the rate of USD 1,297 per month for the first 5 years, and the next five years' rent will be determined by the rental market rate at the time.
Capitalization Overview
- The business initiative is owned by the family.- The properties that have been developed are family owned too.
- There is no credit facility from any bank.
Recent Activity
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Earlier than 15 daysAssistant Operations Manager, Resort, Dhigurah, Individual Investor / Buyer connected with the Business
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Earlier than 15 daysMD, Construction, Malé, Individual Investor / Buyer connected with the Business
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