Gaafu Dhaal, Gaafu Alifu Atoll, 1, MV

Konotta Maldives

Attributes

Number of units

Land area gross

81,291 m²

Tenure

Leasehold

Investment strategy

Value Add

Asset Description

Resting within the crystal clear waters of Gaafu Dhaalu Atoll, this Resort of exceptional natural beauty is located a scenic 20-minute speedboat journey away from Kaadedhdhoo Airport. Comprising 31 beachfront villas and 22 over-water villas, the Resort offers a redevelopment opportunity of a product that exudes a sense of complete privacy and intimate luxury, supported by a range of facilities commensurate of its positioning.

Offered with the benefit of vacant possession of brand and management, Konotta Island Resort represents an exceptional opportunity for an owner-operator or an investor with operator relationships to acquire and rapidly reopen a luxury resort with spacious room sizes and a host of amenities in one of the world’s most pristine island destinations.

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Investment Highlights

Spectacular Island Destination: Konotta Island Resort is located in the southern Maldives, offering pristine beauty, privacy, and luxury in a secluded yet accessible location.
Luxury Redevelopment & Branding Opportunity: The resort presents a rare chance for vacant possession and management in the Maldives, with interest from five hotel operators for premium branding and repositioning.
Direct Lease Agreement: The resort occupies 81,291 square metres under a 50-year head lease agreement with the Ministry of Tourism, expiring in 2055.
Value Add Potential: The property offers significant potential for renovation and repositioning as a luxury wellness resort, capitalizing on its generous room sizes and existing spa facilities.
Expanding Accessibility Options: There's potential to explore direct seaplane operations in addition to current domestic flight options, following successful examples from nearby resorts.
Leading Luxury Resort Destination: The Maldives is established as a top luxury vacation spot, with its unique "One Island, One Resort" concept and ongoing infrastructure investments supporting future growth.