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Aitken Spence acquires 2 new properties in the Maldives
Feizal Samath, reporting from Hospitality Investment Conference Indian Ocean 2015, Colombo, May 26, 2015
 

SRI Lanka's Aitken Spence Hotels is expanding its footprint in the Maldives with the acquisition of two new properties, making it the largest foreign hotel operator there.

 

It revealed yesterday that some US$5 million was spent leasing the Raafushi Island in Noonu Atoll for a new four-star resort.

 

The company will also invest another US$50 million in a five-star property with 163 rooms on the uninhabited Aaarah Island on Raa Atoll.

 

The group already operates resorts in Meedhupparu, Hudhuranfushi, Rannalhi and Vadoo in the Maldives, with a total of 24 hotels and resorts or over 2,000 rooms in Sri Lanka, Maldives, India and Oman.

 
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