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Vadinolhu Island Resort

This is a 150 room resort development with joint venture opportunity!

Awarded: 2009 (on conditional basis with CSR component)

Lease period remaining: 18 years - there will be option to extend the head lease. There are chances to negotiate with authorities for further extension.

Distance:

Male’- Kadhdhoo by scheduled domestic flight: 35 mins
From Kad ...

This is a 150 room resort development with joint venture opportunity!

Awarded: 2009 (on conditional basis with CSR component)

Lease period remaining: 18 years - there will be option to extend the head lease. There are chances to negotiate with authorities for further extension.

Distance:

Male’- Kadhdhoo by scheduled domestic flight: 35 mins
From Kadhoo Domestic airport –  20 mins (by speed boat)

Highlights:

Licensed for tourists Resort development
20% structural works completed
Environment assessment works (EIA) completed
Back of the house construction materials ready in site
Jetty structure completed
Staff accommodation quarter for 150 rooms completed
Laundry building structure completed

Terms and conditions: 

To develop under Joint Venture partnership, the developer could come up with a proposal suggesting how he would join as a partner. Owner suggesting 60% for the developer and the 40% for the owner.

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