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Singapore REIT Buys Maldives Resort

Author: Bill Barnett. Category: Hotels. Posted: 8th Jan 2014

For hotel owners the idea of owning a Maldives property remain an object of desire given the sky high average room rates and capture of guest spending.

In a recent transaction the Jumeirah Dhevanafushi traded to the Singapore-based CDL Hospitality Trusts REIT.

The same investor purchased the Angsana Velavaru in early 2013.

A purchase price of USD59.6 million has been announced for the hotel which features 19 beach villas and 16 over-water villas.

Jones Lang LaSalle Hotels brokered the sale.

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