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|| Abu Dhabi investment firm Mubadala to develop luxury resort in Maldives

mubadala-maldives.jpgThe Abu Dhabi investment firm Mubadala has partnered with Maldives-based luxury hotel developer EoN Resorts to develop a luxury resort in the Maldives.

The hotel will be operated by Viceroy Hotels & Resorts, of which Mubadala is a 50% shareholder. Due to open in December 2010, this 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.

Mubadala is listed in the Middle East Investors Directory with the code EM14.

More details from their release follows

Mubadala Development Company (Mubadala) has partnered with Maldives-based, luxury hotel developer, EoN Resorts (EoN), to develop an exclusive ultra luxury resort in the Maldives.

The hotel will be operated by Viceroy Hotels & Resorts (VHR), of which Mubadala is a 50% shareholder.

Viceroy Maldives is the latest addition to Mubadala Real Estate & Hospitality's (MREH) growing hotel development and operator portfolio and is part of its broader international strategy to actively drive the expansion of its luxury Viceroy Hotels & Resorts operator brand to key gateway cities and destinations around the world.

Viceroy Maldives is currently under construction on the pristine, crescent-shaped island of Vagaru, located in the Shaviyani Atoll, one hour north of the capital Malé. Due to open in December 2010, this exclusive, 61-key property will be the first Viceroy to open outside of the Americas and follows the recent successful 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 - amongst the largest in the Maldives - boast from 1,345 to 3,300 square feet of indoor space, with generous outdoor private areas, all including plunge pools. The resort will also offer five unique food and beverage outlets, a spacious over-water spa and fitness center, signature pool and pool deck and full-service watersports activities center, allowing Viceroy guests to take advantage of the world-class diving, fishing and snorkeling available in the resort's house reef and beyond.

"Viceroy Maldives will offer discerning travelers the ultimate exclusive beachfront villa resort experience with Viceroy's signature blend of sophisticated luxury, elegant interiors and intuitive, personalized service" said John Thomas, Executive Director of Mubadala Real Estate & Hospitality.

"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,"

he added.

"We are thrilled to be partnering with Mubadala on this unprecedented project," said Shuaib Shah, CEO of EoN Resorts. "EoN's specialized expertise brings exceptional development quality to the luxurious Viceroy Maldives, which will undoubtedly set new standards in luxury accommodation in the Maldives."




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