Sun Resorts Sells Kanuhura Villas Hotel in the Maldives

Main Photo: The Kanahura resort

Date: April 2021

Location: Lhaviyani Atoll, 40 minutes seaplane from Male, The Maldives

Name: Kanuhura

No. of Keys: 80 villas

Seller: Sun Resorts of Mauritius

Buyer: Mauritian hotelier Sun Limited has sold Kanuhura, it’s only property in the Maldives, to allow it to focus more attention on its interests locally. In a statement, Sun said the “strategic transaction will enable it to concentrate, for the time being, its energy and resources on its core and historical destination, Mauritius”.

Sun Resorts’ portfolio includes Sugar Beach, Long Beach, La Pirogue, and Ambre in Mauritius. Kanuhura, which was once part of the One&Only stable, was its only property outside Mauritius.

Kanuhura, which is an 80-villa island in the Lhaviyani atoll, a 40-minute seaplane flight from Male, has been bought by Leisure Oceans Private, which is a new subsidiary set up by Hotel Properties Limited (HPL).

HPL owns 70% of a subsidiary company HPL Resorts Maldives (HPLRM), which in turn incorporated Leisure Oceans in March as a hotel enterprise.

Singaporean businessman Ong Beng Seng is the founder, substantial shareholder and managing director of HPL, whose assets in the Maldives already include Gili Lankanfushi.

HPL’s assets under external management in the country include InterContinental Maldives Maamunagau Resort, Four Seasons Resort Maldives at Kuda Huraa, Four Seasons Resort Maldives at Landaa Giraavaru, Holiday Inn Resort Kandooma Maldives and Six Senses Laamu.

It’s hotel division tallies 38 hotels and resorts across 15 countries, also including Bhutan, Italy, Seychelles, South Africa and Vanuatu and other management companies it works with include Hard Rock Hotels, Hilton International, Marriott International.

Kanuhura includes three islands, and was reopened in 2017 after completing a multi-million dollar, 18-month renovation project.

Tourist arrivals to the Maldives in March alone topped 100,000, giving it a total already this year of above 300,000.

THPT Comment: Quite a bit of action in the Indian Ocean this week, with this deal, JA Resorts opening it’s second hotel in the Seychelles and some private island resorts up for sale in the Maldives….Ask us at THPT for more details!

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