Centara signs management agreement of Centara Grand Muthaafushi Resort & Spa Maldives

Centara Hotels & Resorts, leading Thai hospitality group signed  a new hotel management agreement for its fourth beach resort under the Centara umbrella in the Maldives – Centara Grand Muthaafushi Resort & Spa Maldives. The signing ceremony took place between Centara Hotels & Resorts and Muthaafushi Orient Investments Limited, and Well Land Investment PVT LTD.

Under the agreement, Centara Hotels & Resorts will manage and operate Centara Grand Muthaafushi Resort & Spa Maldives, a new five-star resort in the South Western portion of Baa Atoll. It will comprise 24 land villas and 77 water villas with an array of international restaurants including an underwater restaurant, a floating cinema, a dedicated Thai spa, a fitness centre, and other facilities expected in a Centara Grand resort. The new resort is expected to have soft opening in the fourth quarter of 2018 and grand opening in 2019.

Thirayuth Chirathivat, Chief Executive Officer of Centara Hotels and Resorts remarked: “We are delighted to be selected by Muthaafushi Orient Investments Limited to manage and operate their new five-star resort in the Maldives. We believe that Centara Grand Muthaafushi Resort & Spa Maldives will fit well into our Centara Grand resort portfolio. This expansion of the business in the Maldives is in line with Centara’s growth strategy to strengthen our presence both in the South Asian region and internationally.”

Mohamed Hameed, Director of Muthaafushi Orient Investments Limited said: “It was an esteemed pleasure for Muthaafushi Orient Investments Limited to embark on this partnership with Centara Hotels & Resorts for the new Centara Grand Muthaafushi Resort & Spa Maldives. It is a great opportunity for us to work with such an eminent hospitality brand of the Thai origin as Centara, who brings with it long legacy of success in operating both owned and managed properties in popular tourist destinations worldwide.”

Centara Grand Muthaafushi Resort & Spa Maldives
Aerial, Centara Grand Muthaafushi Resort & Spa Maldives

Executive Director Jin Zhai of China Orient Asset Management (International) Holding Limited, one of the investors for Muthaafushi Orient Investments Limited said: “We are pleased to be part of this new international collaboration between Centara Hotels & Resorts and Muthaafushi Orient Investments. We are very honoured to help make it possible for the investment of the new and exciting Centara Grand Muthaafushi Resort & Spa Maldives.”

With a collaboration from Avista Asset Management Pte Ltd, Singapore a Real Estate Asset Management Company, Avista Asset Management has built an investment case and identify potential joint venture partners which lead to the teaming up of Muthaafushi Orient Investments Limited, China Orient Asset Management (International) Holding Limited and Centara Hotels & Resorts.

Avista Asset Management has been appointed as the development & asset manager of this project by Muthaafushi Orient Investments Limited. Avista Asset Management will continue to work closely with all the stakeholders and manage the development and asset management of Centara Grand Muthaafushi Resort & Spa, Maldives.

Baa Atoll, also known as Southern Maalhosmadulu Atoll, is approximately 123 kilometres North West of Malé International Airport in the Maldives. Consisting of 75 islands dotted around three separate natural atolls, Baa Atoll is home to some of the richest biodiversity in the region, and as such has held the status of UNESCO World Biosphere Reserve since June 2011. The recognition was a significant achievement for the Maldives, placing it in the company of world famous ecological sites.

Centara Ras Fushi Resort & Spa Maldives Takes Home The 2016 World Luxury Hotel Awards For ‘Best Luxury Adult Beach Resort’

Centara Hotels and Resorts is proud to announce its recent success at this year’s World Luxury Hotel Awards, where Centara Ras Fushi Resort & Spa Maldives has received the award for best “Luxury Adult Beach Resort”.

“To make Centara Ras Fushi Resort & Spa Maldives live up to and exceed visitor’s expectations has meant a lot of work, so I’m exceptionally pleased that this year’s prestigious ‘World Luxury Hotel Awards’ committee has recognized the unique qualities of the resort,” said Ms. Prapaijit Thongma, CRF’s General Manager.

The awards, one of the travel and tourism industry’s most significant and upscale, celebrated its 10th-anniversary milestone in its history of recognizing the world’s finest luxury hotels for their magnificent offerings and exceptional service delivery. This year’s gala awards event was held at St. Regis Doha in Qatar, and was notable for the high quality achieved by the award nominees. The World Luxury Hotel Awards were presented to luxury hotels and resorts in over 60 categories on a country, regional, continent and global basis.

Winning this prestigious award is testament to the resort’s constant efforts to achieve superiority and excellence in services provided at Centara’s adult-focused, luxurious beach resort and spa. Distinctively appealing for couples and honeymooners, Centara Ras Fushi Resort & Spa Maldives offers a relaxing and inspiring all-inclusive holiday experience along with plenty of opportunities to indulge, play and rejuvenate with our fantastic array of drinking and dining options, endless list of activities, water sports and excursions, as well as sumptuous wellbeing haven – encompassing a carefree and ‘cash-free’ stay where everything is conveniently pre-paid.