Properties

Raffles Maldives Meradhoo

Meradhoo Island, Gaafu Alifu Atoll, Republic of Maldives

  • Guest Room

    38
    Guest Rooms

  • Land Area

    53,576 sq m
    Land Area

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 boasts two healthy reefs, home to abundant exotic marine wildlife. The resort is accessible via a 90-minute direct seaplane flight from Malé and can also be reached via a 55-minute domestic flight from Malé International Airport to Kaadedhdhoo Airport, followed by a 15-minute speedboat journey. Private jets can land at Gan International Airport or Kooddoo Airport and connect to the resort via seaplane or speedboat.

The 38-villa luxury resort offers two distinct experiences, a private island with 22 beachfront villas (including the presidential villa - Raffles Royal Residence), and an overwater enclave with 16 villas. The one to two-bedroom villas range from approximately 220 to 300 sq m, each with its own private pool. The resort's 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. The Raffles Royal Residence, features a spacious 1,250 sq m ultra-luxury villa comprising three bedrooms, a rooftop bar and a 40-metre private infinity pool.

NOTABLE ACCOLADES

  • • Green Globe Certified - Standard 1.7
  • • TripAdvisor Travellers' Choice 2021, 2022 & 2023
  • • World Luxury Hotels Awards - Maldives Luxury Island Resort (2020 Country Winner)
  • • Best New Hotels in the World 2019 by Town & Country Magazine
  • • Raffles Royal Residence - Most Outrageous Villa by Travel + Leisure Luxury Awards Asia Pacific

 

Property Details [  –  ]
Number of villas 21 Beach Villas, 16 Overwater Villas, one Royal Residence
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, paddle tennis court and multipurpose ground, Raffles Spa, kids club, overwater fitness and yoga studio, two infinity edge pools, 24-hour butler service and resort boutique
Land area 53,576 sq m
Title 99-year leasehold interest commencing from 15 June 2006
Purchase price at 31 December 2013 US$59.6 million
Valuation (1) as at 31 December 2023 US$46.0 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)
FY 2023 Key Financials [  –  ]
Gross Hotel Revenue S$13.8 million (2)
(US$10.3 million)
Net property income -S$1.0 million (2)
(-US$0.8 million)
Average occupancy rate 45.9%
  • (1)The property was valued by Colliers International Consultancy & Valuation (Singapore) Pte Ltd using the Discounted Cash Flow approach.
  • (2)Based on the average exchange rate of US$1.00 = S$1.3425.

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