Centara inks Maldives contract

BANGKOK, 7 April 2017: Centara Hotels & Resorts 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 Southwest portion of Baa Atoll.

Signing ceremony between Centara Hotels & Resorts and Muthaafushi Orient Investments Limited, and Well Land Investment PVT LTD to manage and operate Centara Grand Muthaafushi Resort & Spa Maldives.

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 and a fitness centre.

The new resort is expected to have soft opening in the fourth quarter of 2018 and grand opening in 2019.

Centara Hotels and Resorts chief executive officer Thirayuth Chirathivat remarked: “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 in South Asia  and internationally.”

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.