Resort for Sale in Male, Maldives

The facility has an area of 60,000 sq ft of leased tourism land on the best beach in Laamu Atoll, Gan Islands, Mukurimagu ward called Baywatch Beach. The Hotel has 16 rooms, a kitchen, a restaurant, a lobby, stores, beach beds, and space garden vegetation. Physical assets include furniture and building interiors. The value of these physical assets is high, but we have valued them at half the price since the business was impacted due to COVID-19. The facility has 12 rooms 4 stars on each floor 6 rooms, two floors and 4 rooms of 3-star accommodation. Lease tourism land from the government remaining 35 years and can be extendable another 54 years with very low lease rental. The hotel doesn't have any loans or debts. It was funded by the shareholder and directors. The business has 2 shareholders with 80% and 20% stakes.