Angsana Velavaru

  • Property Details
  • Overview
Property Details [  –  ]
Number of Guest Rooms 79 Beachfront Villas, 34 InOcean Villas
Number of F&B Outlets Five outlets comprising Kaani Restaurant, Funa Club Lounge, Azzurro Restaurant and Bar, Kuredhi Bar and Magoo Garden
Other facilities Angsana Spa & Gallery, Marine Conservation Lab, PADI 5 Star Gold Palm Dive Centre, Watersports Centre, Kids Club, Wedding Pavilion, Gym and Clinic
Land area 67,717 sq m
Title 50-year leasehold interest commencing from 26 August 1997
Purchase price at 31 January 2013 US$71.0 million
Valuation (1) as at 31 December 2020 US$50.0 million
Master Lease Details [  –  ]
Master lessee Maldives Bay Pvt Ltd, a subsidiary of Banyan Tree Holdings Limited
Term of lease 10 years from 1 February 2013
FY 2020 Key Financials [  –  ]
Rental income S$0.7 million (2)
(US$0.5 million)
Net property income S$0.5 million (2)
(US$0.3 million)
Average occupancy rate 18.9%
  • (1)The property was valued by Jones Lang LaSalle Property Consultants Pte Ltd using the Discounted Cash Flow approach
  • (2)Based on the average exchange rate of US$1.00 = S$1.3802

Velavaru Island, South Nilandhe Atoll, Republic of Maldives

  • Guest Room

    113
    Guest Rooms

  • Land Area

    67,717 sq m
    Land Area

The Maldives is a nation of coral islands scattered across the Indian Ocean, consisting 26 natural atolls with over 1,100 islands. The Maldives' tropical climate, white beaches, rich marine environment, "one-island-one-resort" concept and ease of accessibility from Europe, the Middle East and Asia have firmly established the island paradise as a top-tier destination for luxury tourism.

The property is located at the southern edge of the Maldives archipelago in the South Nilandhe Atoll. It occupies the island of Velavaru, one of the more intimate lagoons in the Maldives. The Angsana Velavaru resort is a 40-minute scenic seaplane ride from Malè International Airport. It comprises 79 Beachfront Villas and 34 InOcean Villas, providing guests the opportunity to enjoy two distinct experiences at one resort. To strengthen Angsana Velavaru's product offering and market positioning, a new main public pool was constructed in August 2019 and all 79 Beachfront Villas were renovated, of which 46 were completed in 2019 and the remaining 33 villas were completed in July 2020. Infinity pools were also added to 24 of these villas where guests can have a more enjoyable experience at the resort.

Offering Maldivian resort styles, Angsana Velavaru is positioned for romantic vacations and family and group getaways. Angsana Velavaru is the first resort to introduce the concept of standalone overwater villas, which are exclusively positioned at the edge of the reef about one kilometre away from the main island. Facilities within the resort include three restaurants, two bars, a private picnic island, an award-winning spa, cooking classes, lifestyle gallery, a marine conservation lab, water sports and dive center and kids' club.

Notable accolades include:

  • EarthCheck Gold Certificate (2019 – 2020)
  • TripAdvisor Certificate of Excellence 2019
  • Luxury Travel Guide Spa & Wellness Awards 2018
  • Southern China Extreme Tourism Awards 2017 by Guangzhou Daily – Favorite Island Hotel Resort
  • Reader's Choice Awards 2017 – Top 10 Best Hotel in Maldives

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