Newly Established Hotel Seeking Loan in Malé, Maldives

1. The business is a nonoperational hotel in the Maldives, located on the local island of V. Thinadhoo.
- The planned establishment will have 13 rooms, a restaurant, a rooftop bar, and a lounge, catering to tourists visiting the Maldives.
2. Location and market:
- The business is strategically located on a tourist hotspot island, offering scenic views and access to watersports, diving, excursions, and health and wellness retreats.
- The target market primarily comprises tourists visiting the Maldives, positioning the business as a prime tourism destination.
3. Operational status:
- Currently, 10% of the construction is completed, with full construction expected to be finished within a year after securing funding.
- Business aims to offer accommodation, watersports, diving, excursions, and health and wellness retreats as its primary services.
4. Revenue model:
- Business plans to charge MVR 2,700 per night for its 13 rooms, presenting a revenue model based on accommodation services.
5. The loan repayment can commence 6 months after the operation begins.
6. The company is registered, and the licenses, and approvals for operations will be obtained once the construction of the hotel is completed.