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Posted: 08 Jan 2014 | 6:00 am
For hotel owners the idea of owning a Maldives property remain an object of desire given the sky high average room rates and capture of guest spending.
In a recent transaction the Jumeirah Dhevanafushi traded to the Singapore-based CDL Hospitality Trusts REIT.
The same investor purchased the Angsana Velavaru in early 2013.
A purchase price of USD59.6 million has been announced for the hotel which features 19 beach villas and 16 over-water villas.
Jones Lang LaSalle Hotels brokered the sale.
A column featuring environmental issues and conservation around the island. Click here for more Green Reports check out the latest story from the leading experts:
As part of worldwide international chain Hilton's carbon offset program, one of the benefactors is located here in Thailand.
The media is reporting that environmental advocates are voicing concerns about a proposed coal port and power plant in nearby Krabi.
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