Raffles Maldives Meradhoo
- Property Details
Property Details [ – ]
|Number of Guest Rooms||21 Beach Villas, 16 Overwater Villas, one Presidential Villa|
|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, overwater 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 2020||US$38.0 million|
Hotel Management Agreement Details [ – ]
|Operator||AAPC (Maldives) Private Limited|
|Term of Hotel Management Agreement||20 years commencing from 9 May 2019 (operator has right to extend another 5 years)|
- (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
Meradhoo Island, Gaafu Alifu Atoll, Republic of Maldives
53,576 sq m
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 Maldives archipelago is home to a host of tropical wildlife and unique underwater encounters near the resort, including whale sharks, spinner dolphins, mobula rays, hawksbill turtles and napoleon fishes. The resort is accessible via a 55-minute domestic flight from Malè International Airport to Kaadedhdhoo Airport, followed by a 15-minute speedboat journey. Private jets can land at either Gan International Airport or Kooddoo Airport and connect to the resort via seaplane or speedboat respectively.
Following an extensive enhancement exercise, the resort officially reopened on 22 September 2019, under the iconic collection of Raffles Hotels and Resorts. The 38-villa resort is an all-suite resort comprising a presidential villa and one to two-bedroom villas (16 overwater villas; 21 beachfront villas) ranging from approximately 220 to 300 sq m, each with its 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 presidential villa, named Raffles Royal Residence, was added in end 2020. Raffles Royal Residence features a spacious 1,250 sq m ultra-luxury villa comprising three bedrooms (expandable up to 6 bedrooms by adjoining with other villas), a rooftop bar and a 40-metre private infinity pool. The luxurious beachfront villas occupy the main island of Meradhoo; with the overwater 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-grilled chef specialty dishes; the popular Long Bar on the main island; and the over-water Yapa Sunset Bar. 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.
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