Raffles Maldives Meradhoo

  • Property Details
  • Overview
Property Details [  –  ]
Number of Guest Rooms 21 Beachfront Villas, 16 Over-Water Villas
Number of F&B Outlets Three restaurants comprising Thari, Yuzu and The Firepit and two bars comprising Long Bar and Yapa Sunset Bar
Other facilities PADI 5 Star dive and water sports centre, Raffles Spa, over-water fitness and yoga studio, two infinity edge pools, 24-hour butler service, library and resort boutique
Land area 53,576 sq m
Title 50-year leasehold interest commencing from 15 June 2006
Purchase price at 31 December 2013 US$59.6 million
Valuation (1) as at 31 December 2018 US$50.0 million
Hotel Management Agreement Details [  –  ]
Operator AAPC (Maldives) Private Limited
Term of Hotel Management Agreement 20 years from official rebranding date (2) with an option to renew for another five years
FY 2018 Key Financials [  –  ]

During 2018, the resort continued to operate under the temporary identity of Dhevanafushi Maldives Luxury Resort. The resort was closed on 1 June 2018 for renovation works and will reopen as Raffles Maldives Meradhoo* in 2019.

Gross Hotel Revenue S$4.7 million (3)
(US$3.5 million)
Net property income -S$3.7 million (3)
(-US$2.7 million)
Average occupancy rate 49.1%
  • *To be rebranded as Raffles Maldives Meradhoo after the resort’s reopening as agreed under the Hotel Management Agreement
  • (1)The property was valued by CBRE Pte. Ltd. using a combination of the Capitalisation and Discounted Cash Flow approaches.
  • (2)Date to be mutually agreed between parties pursuant to the Hotel Management Agreement.
  • (3)Based on the average exchange rate of US$1.00 = S$1.3482.

Meradhoo Island, Gaafu Alifu Atoll, Republic of Maldives

  • Guest Room

    37
    Guest Rooms

  • Land Area

    53,576 sq m
    Land Area

  • In Valuation

    US$50 million
    In Valuation

Raffles Maldives Meradhoo is located at the southern edge of the Maldives archipelago in the Gaafu Alifu Atoll, occupying the exclusive Meradhoo Island and its surrounding crystal clear lagoon. The resort is accessible via a 55-minute domestic flight from Malé International Airport to Kaadedhdhoo Airport, followed by a 15-minute speedboat journey.

Following an extensive enhancement exercise, the resort will officially reopen in 2019 under the iconic collection of Raffles Hotels and Resorts. The 37-villa resort features 16 over-water villas and 21 beachfront villas, each with their own private pool. The resort competes at the top end of the Maldives luxury market and the extremely spacious villas are among the largest in the destination. The offering is that of an all-suite resort comprising of one and two-bedroom villas ranging from approximately 220 to 300 sq m. The luxurious beachfront villas occupy the main island of Meradhoo; with the over-water villas located some 800 metres away. The overwater villas boast high ceilings and full-length floor-to-ceiling windows that provide panoramic views of the Indian Ocean from the bedroom, bathroom and living room.

Raffles Maldives Meradhoo offers a wide range of dining options including three restaurants and two bars, comprising Thari, an all-day diner; Yuzu, a Peruvian and Japanese fusion restaurant; The Firepit, where guests can enjoy various flame-frilled chef specialty dishes; the popular Long Bar on the main island, where guests can explore a list of the world’s most prestigious champagnes and wines; and the over-water Yapa Sunset Bar, which serves inspired national drinks of South America and Japan. There are also leisure and spa options within the property including a spa, an over-water gym and yoga studio, two infinity edge pools, a PADI 5 Star dive and water sports centre, a library and a resort boutique.

Following enhancements in late 2018, the resort will be repositioned to join the iconic collection of Raffles Hotels and Resorts.

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