Hotels for Sale and Investment in Male

Proposed hotel establishment in Hulhumalé, a prime location for tourism development in the Maldives. - Opportunity to operate under a recognized franchise or develop an independent brand, enhancing market presence. - 3 land parcels have been identified to start the projects of areas - 8,000 to 11,000 sqm, providing ample space for hotel facilities. - Will be designed as a 3-4 floor hotel, featuring 16 rooms total (4 rooms per floor), maximizing occupancy rates. - Beachfront construction offers direct access to the ocean, attracting tourists and enhancing guest experience. - Rooftop restaurant planned to provide unique dining experiences with panoramic views, strengthening competitive edge. - Initiative backed by the Housing Development Corporation of Maldives, inviting Expressions of Interest for upscale hotel operations. - The business is not currently registered with the Ministry of Tourism but will obtain the required registration upon commencing operations. - The promoter owns a grocery retail business.

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.