Abu Dhabi Fund for Development consortium acquires Maldives hotel

Minor International Public Company Limited (MINT), a global hospitality and lifestyle conglomerate, and its financial partner, Abu Dhabi Fund for Development (ADFD), have acquired Amari Havodda Maldives.

This transaction marks the first hotel sale in the Maldives for 2023, with JLL’s Hotels & Hospitality Group advising Crystal Plaza Resorts on the sale to the MINT and ADFD consortium.

The financial terms were not disclosed.

Amari Havodda Maldives is located in Gaafu Dhaalu Atoll in the southern region of the archipelago and is accessible via a 55-minute flight from Velana International Airport to Kaadhedhoo Domestic Airport. The resort provides guests with 120 well-appointed villas as well as one of the largest infinity pools in the Maldives, complemented by architectural detailing and interiors by French designer Isabelle Miaja.

“The long-term confidence in the Maldives hotels space has again been reinforced through this groundbreaking transactio