Abu Dhabi-based Mubadala Development Company has partnered with luxury hotel developer, EoN Resorts, to develop an exclusive ultra luxury resort in the Maldives, it was announced on Tuesday.
The hotel will be operated by Viceroy Hotels & Resorts (VHR), of which Mubadala is a 50 percent shareholder, the company said in a statement.
Viceroy Maldives is the latest addition to Mubadala Real Estate & Hospitality's (MREH) growing hotel development and operator portfolio and is part of its international expansion strategy, it added.
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Viceroy Maldives is currently under construction on the crescent-shaped island of Vagaru, located in the Shaviyani Atoll, one hour north of the capital Malé.
Due to open in December 2010, the 61-key property will be the first Viceroy to open outside of the Americas and follows the recent launches of Viceroy Miami, Viceroy Snowmass in Colorado and Viceroy Anguilla in the Caribbean.
Viceroy Maldives will feature 61 luxury villas, situated both over the crystalline water as well as on the beaches that ring the 17-acre Vagaru Island.
The villas - among the largest in the Maldives - will boast from 1,345 to 3,300 square feet of indoor space, with outdoor private areas, all including plunge pools.
John Thomas, executive director of Mubadala Real Estate & Hospitality, said: "Viceroy Maldives is an important addition to our hospitality portfolio and a significant step in expanding the luxury Viceroy brand to premium business and leisure destinations around the world.
"We look forward to working with EoN, who has a proven track record of developing world-class properties in the Maldives, on delivering this innovative, five-star resort."
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