Located in the stunning UNESCO Biosphere Reserve of Baa Atoll, Reethi Beach offers investors an exceptional opportunity to acquire a fully-operational resort with vacant possession and significant potential for rebranding and asset enhancement.
With over 20 years of heritage and recognition, the 130-key all-villa resort is covered by green lush vegetation and surrounded by white sand, crystal-blue waters and a spectacular house reef.
Located in the stunning UNESCO Biosphere Reserve of Baa Atoll, Reethi Beach offers investors an exceptional opportunity to acquire a fully-operational resort with vacant possession and significant potential for rebranding and asset enhancement.
With over 20 years of heritage and recognition, the 130-key all-villa resort is covered by green lush vegetation and surrounded by white sand, crystal-blue waters and a spectacular house reef.
An Idyllic Operating Resort
Capturing the essence of Maldivian hospitality, Reethi Beach is a stunning operating four-star 130-key all villa resort on the private island of Fonimagoodhoo in Baa Atoll.
A UNESCO Biosphere Reserve
Baa Atoll is the only atoll in the Maldives with a UNESCO Biosphere Reserve status. Reethi Beach boasts a spectacular house reef full of marine life and is only 10 minutes by speedboat from Hanifaru Bay - the world’s largest manta ray and whale shark feeding site and a major attraction and demand driver for visitors to Baa Atoll.
An Easily Accessible Location
Only 125km from Velana International Airport in the capital city of Malé, the resort is easily accessed via a scenic 35-minute seaplane journey. It is also close to two domestic airports: Dharavandhoo Airport on Baa Atoll – only 15 minutes by boat, and Ifuru Airport on Raa Atoll only 54km away.
Realizing Potential & Unlocking Value
Reethi Beach presents buyers with multiple strategies to unlock value: run the resort 'as-is', conduct minor renovations or major enhancements, increase the key-count, self-operate or bring in an international brand and operator.
Vacant Possession
With vacant possession in May 2020, investors can acquire an exclusive operating resort with strong rebranding potential and quickly establish market presence and begin operations.
Space to Expand
Fonimagoodhoo Island covers an area of 10.37 hectares. With a site coverage/built area (GFA) ratio of 30%, investors can further develop an unutilized GFA of approx. 13,000 sqm and deploy an asset enhancement strategy.
Continued Growth in Asia Pacific’s Highest Rate-Yielding Market
The Maldives is the highest rate-yielding market in Asia Pacific and continues to be one of the highest in the globe – driven by its stunning location and the country’s ‘one-island-one-resort’ policy. Visitor numbers continue to increase with 1.48m visitors in 2018. The government is targeting over 2.5m visitors per year by 2023.
Niche Market Targeting
With most resorts in Baa Atoll catering to the luxury and upper upscale sectors, Reethi Beach can be repositioned to target and acquire the under-supplied and highly in-demand upscale segment.
An Idyllic Operating Resort
Capturing the essence of Maldivian hospitality, Reethi Beach is a stunning operating four-star 130-key all villa resort on the private island of Fonimagoodhoo in Baa Atoll.
A UNESCO Biosphere Reserve
Baa Atoll is the only atoll in the Maldives with a UNESCO Biosphere Reserve status. Reethi Beach boasts a spectacular house reef full of marine life and is only 10 minutes by speedboat from Hanifaru Bay - the world’s largest manta ray and whale shark feeding site and a major attraction and demand driver for visitors to Baa Atoll.
Vacant Possession
With vacant possession in May 2020, investors can acquire an exclusive operating resort with strong rebranding potential and quickly establish market presence and begin operations.
An Easily Accessible Location
Only 125km from Velana International Airport in the capital city of Malé, the resort is easily accessed via a scenic 35-minute seaplane journey. It is also close to two domestic airports: Dharavandhoo Airport on Baa Atoll – only 15 minutes by boat, and Ifuru Airport on Raa Atoll only 54km away.
Realizing Potential & Unlocking Value
Reethi Beach presents buyers with multiple strategies to unlock value: run the resort 'as-is', conduct minor renovations or major enhancements, increase the key-count, self-operate or bring in an international brand and operator.
Space to Expand
Fonimagoodhoo Island covers an area of 10.37 hectares. With a site coverage/built area (GFA) ratio of 30%, investors can further develop an unutilized GFA of approx. 13,000 sqm and deploy an asset enhancement strategy.
Continued Growth in Asia Pacific’s Highest Rate-Yielding Market
The Maldives is the highest rate-yielding market in Asia Pacific and continues to be one of the highest in the globe – driven by its stunning location and the country’s ‘one-island-one-resort’ policy. Visitor numbers continue to increase with 1.48m visitors in 2018. The government is targeting over 2.5m visitors per year by 2023.
Niche Market Targeting
With most resorts in Baa Atoll catering to the luxury and upper upscale sectors, Reethi Beach can be repositioned to target and acquire the under-supplied and highly in-demand upscale segment.
An Idyllic Operating Resort
Capturing the essence of Maldivian hospitality, Reethi Beach is a stunning operating four-star 130-key all villa resort on the private island of Fonimagoodhoo in Baa Atoll.
A UNESCO Biosphere Reserve
Baa Atoll is the only atoll in the Maldives with a UNESCO Biosphere Reserve status. Reethi Beach boasts a spectacular house reef full of marine life and is only 10 minutes by speedboat from Hanifaru Bay - the world’s largest manta ray and whale shark feeding site and a major attraction and demand driver for visitors to Baa Atoll.
Vacant Possession
With vacant possession in May 2020, investors can acquire an exclusive operating resort with strong rebranding potential and quickly establish market presence and begin operations.
An Easily Accessible Location
Only 125km from Velana International Airport in the capital city of Malé, the resort is easily accessed via a scenic 35-minute seaplane journey. It is also close to two domestic airports: Dharavandhoo Airport on Baa Atoll – only 15 minutes by boat, and Ifuru Airport on Raa Atoll only 54km away.
Realizing Potential & Unlocking Value
Reethi Beach presents buyers with multiple strategies to unlock value: run the resort 'as-is', conduct minor renovations or major enhancements, increase the key-count, self-operate or bring in an international brand and operator.
Space to Expand
Fonimagoodhoo Island covers an area of 10.37 hectares. With a site coverage/built area (GFA) ratio of 30%, investors can further develop an unutilized GFA of approx. 13,000 sqm and deploy an asset enhancement strategy.
Continued Growth in Asia Pacific’s Highest Rate-Yielding Market
The Maldives is the highest rate-yielding market in Asia Pacific and continues to be one of the highest in the globe – driven by its stunning location and the country’s ‘one-island-one-resort’ policy. Visitor numbers continue to increase with 1.48m visitors in 2018. The government is targeting over 2.5m visitors per year by 2023.
Niche Market Targeting
With most resorts in Baa Atoll catering to the luxury and upper upscale sectors, Reethi Beach can be repositioned to target and acquire the under-supplied and highly in-demand upscale segment.
Reethi Beach Resort is located on the private island of Fonimagoodhoo in the north-east of Baa Atoll – a UNESCO World Biosphere Reserve. The site area is 103,717 sqm. With a current built area GFA of 17% (18,077 sqm) and the potential to increase to up to 30%, there is a huge opportunity to boost the resort’s offerings.
Reethi Beach Resort is located on the private island of Fonimagoodhoo in the north-east of Baa Atoll – a UNESCO World Biosphere Reserve. The site area is 103,717 sqm. With a current built area GFA of 17% (18,077 sqm) and the potential to increase to up to 30%, there is a huge opportunity to boost the resort’s offerings.
The resort is known for its laid back and familiar atmosphere as well as its beautiful surroundings. The property specifications are:
Location: Fonimagoodhoo, Baa Atoll, Maldives
Island: 654m x 220m
Site Area (Approx.): 103,717 sqm / 10.37 Ha
Built Area (GFA): 18,077 sqm (17.4% site coverage)
Permitted up to 30%
Unutilised Area (Approx.): 13,000 sqm
Villas: 130 detached and semi-detached water and beach villas
F&B facilities: 10 restaurants and bars including all-day dining restaurant, poolside café and bar, and an open-air restaurant overlooking the ocean.
Tenure: Headlease until 2047 (Extendable for further 49 years)
Sublease: Expiry 30 April 2020
The resort is known for its laid back and familiar atmosphere as well as its beautiful surroundings.
The property specifications are:
Location:
Fonimagoodhoo, Baa Atoll, Maldives
Island:
654m x 220m
Site Area (Approx.):
103,717 sqm / 10.37 Ha
Built Area (GFA):
18,077 sqm (17.4% site coverage)
Permitted up to 30%
Unutilised Area (Approx.):
13,000 sqm
Villas:
130 detached and semi-detached water and beach villas
F&B facilities:
10 restaurants and bars including all-day dining restaurant, poolside café and bar, and an open-air restaurant overlooking the ocean.
Tenure:
Headlease until 2047
(Extendable for further 49 years)
Sublease:
Expiry 30 April 2020
Water Sports & Excursions
Sasha Water Sports has a wide range of aquatic adventures. The water sports centre has activities for both beginners and the more advanced, and offers tailor made group and private excursions upon request.
Sea Explorer Dive Centre
The five-star dive centre visits over 30 different sites in the Baa Atoll and house reefs. It offers introductions to diving and snorkeling for novices, as well as basic and advanced courses.
Coconut Spa
A majestic beach front spa managed by the acclaimed Coconut Spa, with highly skilled Balinese therapists offering rejuvenating treatments and deluxe wellness services.
Sports Complex
The sports complex provides a range of fitness facilities, including a small fresh water swimming pool, two floodlit tennis courts, two indoor badminton courts, a squash court, a fully equipped gym, and table tennis.
House Reef
Reethi Beach has an amazing house reef which provides guests with an incredible opportunity to experience the stunning marine life and sights of the Maldives.
Water Sports & Excursions
Sasha Water Sports has a wide range of aquatic adventures. The water sports centre has activities for both beginners and the more advanced, and offers tailor made group and private excursions upon request.
Sea Explorer Dive Centre
The five-star dive centre visits over 30 different sites in the Baa Atoll and house reefs. It offers introductions to diving and snorkeling for novices, as well as basic and advanced courses.
Coconut Spa
A majestic beach front spa managed by the acclaimed Coconut Spa, with highly skilled Balinese therapists offering rejuvenating treatments and deluxe wellness services.
Sports Complex
The sports complex provides a range of fitness facilities, including a small fresh water swimming pool, two floodlit tennis courts, two indoor badminton courts, a squash court, a fully equipped gym, and table tennis.
House Reef
Reethi Beach has an amazing house reef which provides guests with an incredible opportunity to experience the stunning marine life and sights of the Maldives.
With increasing inbound tourism into the Maldives, greater demand for experiential luxury offerings, and Reethi Beach Resort’s location in Baa Atoll’s UNESCO Biosphere Reserve, this is a unique opportunity to target the growing upscale segment – affluent consumers who are looking for memorable experiences in a place that offers a connection to both wellness and nature. The resort presents investors with several asset enhancement scenarios to unlock value and drive investment returns:
With increasing inbound tourism into the Maldives, greater demand for experiential luxury offerings, and Reethi Beach Resort’s location in Baa Atoll’s UNESCO Biosphere Reserve, this is a unique opportunity to target the growing upscale segment – affluent consumers who are looking for memorable experiences in a place that offers a connection to both wellness and nature. The resort presents investors with several asset enhancement scenarios to unlock value and drive investment returns:
Establish or expand brand and operational presence in this unique part of the Maldives within a quick time frame.
Implement an asset enhancement strategy to upgrade the resort and gain maximum returns.
Increase the key count from 130 to 187 villas, with the introduction of new beach and over-water villas.
Establish or expand brand and operational presence in this unique part of the Maldives within a quick time frame.
Implement an asset enhancement strategy to upgrade the resort and gain maximum returns.
Increase the key count from 130 to 187 villas, with the introduction of new beach and over-water villas.
Prospective purchasers are invited to submit offers to purchase the Headlease of the Property through Colliers International for consideration by the vendor.
For further information on the Property please contact Colliers International or kindly register your interest by completing the enquiry form below.
Prospective purchasers are invited to submit offers to purchase the Headlease of the Property through Colliers International for consideration by the vendor.
For further information on the Property please contact Colliers International or kindly register your interest by completing the enquiry form below.
Shaman Chellaram
Senior Director
Capital Markets & Investment Services | Asia
D +852 2822 0646
M +852 9815 6459
EAA Lic No. E-268855
Clinton Tong
Assistant Manager
Capital Markets & Investment Services | Asia
D +852 2822 0746
M +852 9758 3702
EAA Lic No. E-389539
Shaman Chellaram
Senior Director
Capital Markets & Investment Services | Asia
D +852 2822 0646
M +852 9815 6459
EAA Lic No. E-268855
Clinton Tong
Assistant Manager
Capital Markets & Investment Services | Asia
D +852 2822 0746
M +852 9758 3702
EAA Lic No. E-389539
