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Case Study

Angsana Velavaru Resort sold for USD71 million

Acting on behalf of Banyan Tree Holdings, JLL’s Hotels and Hospitality Group successfully sold Angsana Velavaru for a purchase price of USD71 million to CDL Hospitality Trusts. The deal was completed with the benefit of a lease agreement back to Banyan Tree Holdings and the resort will continue to operate as Angsana Velavaru. This landmark sale and leaseback transaction was the first deal of its kind in the Maldives.

Set on its own private island a scenic 40-minute seaplane journey away from Male International Airport, Angsana Velavaru is located in South Nilandhe Atoll, one of the more intimate lagoons in the Maldives. Comprising 79 beachfront villas and 34 ocean villas, the resort offers a unique sense of luxury supported by a wide range of amenities, activities and facilities.

Contact: Nihat Ercan