Universal Enterprises and Marriott International have sold the Sheraton Maldives Full Moon Resort & Spa and the W Maldives to a global private equity investor for an undisclosed sum. The deal represents the first-ever hospitality portfolio transaction to have taken place in the Maldives.
The W Maldives offers 77 resort villas with six restaurants and bars, within the turquoise waters of North Ari Atoll, a 25-minute seaplane flight from Velana International Airport. The Sheraton Full Moon Resort & Spa provides 176 guest rooms ranging from deluxe rooms and charming cottages to stylish overwater villas and bungalows with access to nearby lagoons and pristine beaches. The resort is accessible via a short 15-minute speedboat ride from Velana International Airport.
With COVID-19 changing work and travel, “The large transaction size and complex nature of this transaction, we engaged a broad investor base that recognized and valued the Maldives for its resilience an
