Singapore’s Park Hotel Group will make its debut in the Maldives next year, following the signing of a joint venture for a new all-villa island resort.
The deal has seen Park and Chip Eng Seng Corporation (CES) jointly acquire the Maldivian resort in a deal worth US$65 million. As a result, the Grand Park Kodhipparu Maldives is now scheduled to welcome its first guests in the second quarter of 2017.
This marks the second partnership between Park and CES, who already work together on the Park Hotel Alexandra, which opened in Singapore last year.
“We are committed to growing our brand presence and… trusted partners like CES allow us to access new markets with increased confidence,” said Allen Law, CEO of Park Hotel Group. “[The] Maldives, with its pristine natural landscape and ‘one island, one resort’ concept, has established itself as a leading and an exclusive resort destination over the years.
“On-going government initiatives such as the 2016 year-long marketing campaign [and] expansion plans for Malé International Airport, backed by a strong destination brand image as well as additional flight options from key feeder markets, signal a continued positive tourism outlook for [the] Maldives,” he added.
Located in the North Malé Atoll, just 15 minutes’ speedboat ride from the airport, Grand Park Kodhipparu will be a 120-key all-villa resort, set on a private island. Guests will be offered the choice of beachfront pool villas, overwater villas and overwater pool villas.
The announcement of the group’s first property in the Maldives marks the continuation of Park’s Asia Pacific expansion strategy. At present, the group operates 10 hotels across the region, located in Singapore, China, Hong Kong, Japan and Indonesia, and Park is also planning to open its first hotels in South Korea, Australia and Malaysia in the coming years, along with another property in Singapore.