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OPPORTUNITY FOR MALDIVIAN
RESORTS
Maldives Overview
70% average occupancy
105 Current Resorts
1.2m Visitors annually
100% Right to foreign ownership
Provision for overseas arbitration of disputes
No foreign exchange restrictions
No restrictions on repatriation of earnings or profits
Freedom to use foreign managerial , technical or unskilled
workers
Long term land leases
OpportunityHighest Revenue Per Room in the Indian Ocean
The Maldivesarchipelago of
intoislands grouped natural coral atolls
are an 1,192 coral
26in the
Indian Ocean.
They lie south-southwest ofIndia and west of Sri Lanka.
None of the coral islandsmeasures more than 1.8metres above sea level.
Only 192 islands are inhabited by its 300,000 inhabitants. The rest of the islands remain virginislands except for more than 100 islands that have been developed for the top end of the touristmarket.Sources are taken from: www.maldives.com/about-maldives/
About Maldives
Global Tourism Outlook
Velana International AirportAlso known as Male international Airport
The 3,400m long, 60m wide runway of the airport was completed in July 2018with landing of an Etihad Airbus A380 jetliner, the world’s largest passengerairline. The expansion of the terminal is ongoing and due to complete by 2020.
Seaplane TerminalWith the world's largest seaplane fleet, TransMaldivian Airways takes those who wish fastertransfers from Velaana International Airport inMalé to thw island holiday destination. With theincrease in demand, the facilities in theInternational airport are in the process ofexpansion with a new terminal facilities for theseaplanes.
Maldives Market
Maldives Market
Maldives Market
Maldives Market
Maldives Market
Maldives Market
ABOUT DHANDHOODhandhoo
is located at 5°14’.10"N / 73° 10’07"E and is found on the eastern periphery of Baa
Atoll in a large reef system just to the west of a massive lagoon
Just 10Km from Dharavandhoo Domestic Airport
SURROUNDED BY CLEAR TURQUOISE WATERS OF THE INDIAN OCEAN, THE
PICTURESQUE PRIVATE ISLAND OF DHANDHOO OFFERS PRISTINE WHITE
BEACHES, AND RICH TROPICAL GREENERY. DHANDHOO AIMS TO
OFFER A UNIQUE ISLAND RETREAT EXPERIENCE, COMBINING MALDIVIAN
HOSPITALITY WITH A MODERN WORLD CLASS SERVICE.
Concept Plan & Project ProposalIt is proposed to develop an upper upscale market tourist resort on the island with all infrastructure, support facilities and services. Once completed, the proposed tourist resort will have the following amenities and services; 25 x Super luxury beach/overwater villas with a fresh water private pool for each villa (a unique
super luxury standard) 1 x Spa village & wellness café 1 x All-Day Dining Restaurant 1 x Over-water Restaurant 1 x Specialty Restaurants 1 x Over water Sunset bar 1 x Main Swimming Pool Sea Sports and Tennis Court Service Village with Back-of-house (BOH) facilities, staff accommodation, powerhouse, RO Plant,
sewerage, wastewater treatment, waste management, workshops, storages, cold room, engineering, laundry, WMC and water and fuel storages
Conceptual Plan and proposed ActivitiesMinistry of Tourism (MOT) has given its approval of the resort Masterplan concept for development.
Approved ConceptWith a focus towards rest and recuperation, the island offers a range of serene experiences that aim to rejuvenate the mind, body and soul.
An over the water spa providing the backdrop for a variety of bespoke treatments.
Our experienced and world class therapists aim to put relaxation at the forefront of every treatment session. Beginning with a private consultation and ending with a unique tailored experience for each guest.
Approved Concept
Super Spacious super luxury bespoke bungalows with the highest end of holiday spenders in mind.
Providing space and service.
Approved Concept
A first og its kind with privacy in mind.
Spacious luxury
Step in from or step out to the beach. Villa jutting out into the ocean over water. Dip into the sea from the villa or if you wish dip into the fresh water infinity pool built into the sea.
Provisions of butler services, in house cheff for additional luxury.
Activity Placement and Conceptual Layout
Sunset BarArtist impression
Construction of the ProjectDevelopment Cost
Preliminaries Acquisition, Legal Fees, PMC, Designing and Consultancies 7,217,048.64
Initial infrastructure; Jetty, Site clearing, Sewage lines and other utilities 1,365,236.22
Structural Development; Guest rooms and facilities 31,536,663.96
Furnishings, Equipment, Boats, etc 8,303,177.17
Contingencies 1,500,000.00
TOTAL : GBP 49,922,125.99
PROJECT PERFORMANCEFinancial projection on a steady state
(averaged over initial 5 years from investment)
TOTAL : GBP 1,350,000.00
Average Occupancy 64%Average Daily Room Rate (ADR) GBP 4,000
Revenue per available room (RevPAR) GBP 2,560
Average Total Revenue (steady state) GBP 28 million
Gross Operating Profit (GOP) GBP 14.8 million
Nett Operating Profit (NOP) after tax GBP 8.4 million
IRR 56%