Resorts for Sale and Investment in Malé

• Business owns land in the Maldives with an existing guest house, planned to be redeveloped into a modern hotel. • New development will feature 50 guest rooms with contemporary island-inspired design. • Facilities to include a full-service restaurant offering local and international cuisine, gym, spa, and wellness center. • Rooftop pool designed for panoramic sunset views, enhancing the guest experience. • Activities and curated experiences to attract global travelers: diving and snorkeling, whale shark and manta ray tours, dolphin and turtle spotting, sandbank day trips, island hopping, fishing (day and night), surfing lessons, and water sports. • Romantic and cultural experiences planned, such as beach dinners for honeymooners and immersive local activities. • Positioned to capture growing demand for luxury and experiential travel in the Maldives. • Strong potential to transform an underutilized property into a high-value hospitality asset. • The business has a registration certificate.

Ongoing project: acquired land, seeking funds for guest-house development. - Land: own 5,000 sqft parcel secured for construction. - Guest house: plans drawn, construction permit obtained for a 22-key guest house. - Permits & licenses: all necessary construction permits and business licenses are in place. - Promoters' experience: collective 45 years of experience among promoters. - Construction timeline: maximum completion time set at 12 months, targeting 7 months. - Expansion potential: option to expand room capacity, albeit with increased investment. - Facility details: 22-key, 3-story building with terrace, reception, office, swimming pool, shop, coffee shop, restaurant, and kitchen.

This is a resort-like beach hotel, that had an 80% occupancy rate pre-Covid. - Covid has impacted the run rate sales of the business. - The property value is USD 7.2 million. The land is leased from the government. - There are 16 rooms in the facility and we have approved plans to expand it to 44 rooms. - We are selling the majority stake in the business. - The board has decided to sell this stake at half the price as the business has been impacted due to Covid, and funds are required for other businesses of Nazaki Group.