Gaafu Dhaal, Gaafu Alifu Atoll, 1, MV

Konotta Maldives

Attributes

Number of units

Land area gross

875,009 sf

Tenure

Leasehold

Investment strategy

Value Add

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.