The renowned hotel brand and management company Dream Hotel Group signed
two hotels in the Maldives with local entrepreneur Mohamed Manik and Alpha
Kinam Holdings to develop The Chatwal Maaga Maldives and Dream Gasveli
Maldives. Set to open in 2019 and 2020 respectively, the new locations triple
the group's presence in Asia and mark a pivotal step in Dream Hotel Group's
global expansion strategy.
"Last year, we signed more new hotels and resorts than ever
before," said Dream Hotel Group CEO Jay Stein. "I'm thrilled to
announce another equally strong year of growth momentum with the signing of The
Chatwal Maaga and Dream Gasveli in the Maldives, one of the strongest luxury
leisure resort markets in the world."
"I have known Mohamed Manik for a number of years and there is no
better partner we'd rather work with to bring The Chatwal and Dream brands of
hospitality into the Maldives, delivering on the standards of excellence we
hold so high." said Kevin Wallace, Managing Director, Asia Pacific, Dream
Hotel Group.
Nestled in picturesque North Ari Atoll, The Chatwal Maaga Maldives will
feature 80 ultra-luxury villas, six private beach villas and two presidential
villas, as well as three world-class culinary experiences bringing fine dining
and casual barefoot elegance to the lagoon's edge. The Chatwal Maaga Maldives
set to open in 2019, will be the second location to debut in The Chatwal
collection of luxury hotels.
Dream Gasveli Maldives will feature 500 villas, eight experiential
dining and nightlife venues, including the brand's signature Dream Beach Club,
a 20,000-square-foot wellness spa and a dozen designer brand retail outlets for
exclusive duty-free shopping on site. Spanning across three islands in Meemu
Atoll, Dream Gasveli which will be completed on 2020, will be the largest
fully-integrated resort ever developed in the Indian Ocean.
Alpha Kinam Holdings is a leader in hotel and resort
development in the Maldives and Sri Lanka and owns an eco-resort in Sri Lanka,
Ellaidhoo Island Resort in the Maldives and the Nasandhura Palace Hotel in Male
currently undergoing a major renovation and expansion and has investments in
travel and tourism, inter-island transport services, logistics and supply, fish
processing and exporting, healthcare and trading with over $175 million in
assets.
"I've been in the resort and hotel business for over 30 years in
the Maldives," said Mohamed Manik, Chairman of Alpha Kinam Holdings.
"I am pleased to partner with Dream Hotel Group in bringing its leading
edge lifestyle brands to the Maldives and look forward to taking our luxury
market experiences one step beyond here with many more projects in the
future."
Dream Hotel Group plans to sign more than 150 hotels and resorts
worldwide across all its brands, Dream, Time, The Chatwal and Unscripted over
the next four years, continuing to solidify its burgeoning portfolio worldwide.
"This will be a milestone year for us as we welcome an
unprecedented number of new hotels into our ever-growing family of brands
across the globe," added Stein.
Dream Hotel Group is a hotel brand and management company with a rich,
30-year history of managing properties in some of the worlds most highly
competitive hotel environments. Home to its Dream Hotels, Time Hotels, The
Chatwal and Unscripted Hotels brands, Dream Hotel Group encompasses three
business lines: Proprietary Brands, Hotel Management and Dining &
Nightlife.
The Company is committed to the
philosophy that forward-thinking design, service and guest experiences should
be available across market segments. Dream Hotel Group is dedicated to offering
travelers an authentic connection to their chosen destination through a truly
original approach.
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