Singapore based Telos Investment, a private holding company involved in real estate, resort, and infrastructure development and Patina Hotels and Resorts have signed an agreement to operate The Patina Thanburudhoo Maldives.
This will be the first resort under the new brand Patina. Patina’s flagship and the first hotel which is scheduled to open in the second quarter of this year is the The Patina, Capitol Singapore, the property housed in the iconic Capitol Building and Stamford House, which is being masterfully restored by Pritzker Prize Architecture Laureate Richard Meier.
The Patina Thanburudhoo Maldives is scheduled to be open in 2017. The resort will have 40 luxury overwater villas and 30 villas on land. The property is designed by Kerry Hill a world renowned architect especially for the contemporary luxury resort designs in tropical Asia.
Leisure facilities including a surf centre, dive school, spa, swimming pool, yoga and pilates fitness studio, cooking school, children’s club, library club lounge and a screening room are planned for the resort.
The south of the island is home to two of the country’s best breaks, Sultans and Honkies. The original proposal, put forth by the Telos president and founder, Dr. Gunnar Lee-Miller, was to construct a boutique surf resort on the island that would inhibit access to both Sultans and Honkies, only allowing local surfers access to the lineups twice a month.
This proposal on exclusivity on the surf breaks of the Maldives created a battle-ground in recent years, with local surfers, ministries and resorts engaged in heated debate since 2011 over access to the waves.
After years of pressure from local campaigning against privatisation, the Maldives government appears to have retracted its original stance, announcing that all popular surf and dive spots have been freed from any access restrictions.
Thanburudhoo is located in North Malé atoll only 20 minutes from the Ibrahim Nasir international airport by speedboat. The island was formerly used by the Maldives National Defense Force (MNDF) as a training island. The island was originally leased to a welfare company of the MNDF a SPV formed with SEK (Sifainge Ekuveri Kunfuni – a corporate of the MNDF) holding 90% of the shares and Ministry of Finance 10%. Telos Investment bought the rights to develop the resort from this welfare company.
The Patina Thanburudhoo Maldives hopes to attract surfers with its “rides of a lifetime”.