Properties
Angsana Velavaru
Velavaru Island, South Nilandhe Atoll, Republic of Maldives
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113
Guest Rooms -
67,717 sq m
Land Area
The Maldives is a nation of coral islands scattered across the Indian Ocean, consisting 26 natural atolls with over 1,100 islands. The Maldives' tropical climate, white beaches, rich marine environment, "one-island-one-resort" concept and ease of accessibility from Europe, the Middle East and Asia have firmly established the island paradise as a top-tier destination for luxury tourism.
The property is located at the southern edge of the Maldives archipelago in the South Nilandhe Atoll. It occupies the island of Velavaru, one of the more intimate lagoons in the Maldives. The Angsana Velavaru resort is a 40-minute scenic seaplane ride from Malé International Airport. It comprises 79 Beachfront Villas and 34 InOcean Villas, providing guests the opportunity to enjoy two distinct experiences at one resort.
NOTABLE ACCOLADES
- • Travel Trade Maldives' Best Honeymoon Destination 2023
- • TripAdvisor Traveller's Choice 2023
- • EarthCheck Gold Certificate (2019 - 2023)
- • Luxury Travel Guide Spa & Wellness Awards 2018
Property Details [ – ]
Number of villas | 79 Beachfront Villas, 34 InOcean Villas |
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Number of F&B outlets | Four outlets comprising Kaani Restaurant, Funa Restaurant, Azzurro Restaurant and Bar, and Kuredhi Pool Bar |
Other facilities | Angsana Spa & Gallery, Swimming Pool, Marine Conservation Lab, PADI 5 Star Gold Palm Dive Centre, Watersports Centre, Kids Club, Wedding Pavilion, Gym and Medical Center |
Land area | 67,717 sq m |
Title | 99-year leasehold interest commencing from 26 August 1997 |
Purchase price at 31 January 2013 | US$71.0 million |
Valuation (1) as at 31 December 2023 | US$57.0 million |
Green Rating/Certification | EarthCheck Gold Certificate |
Master Lease Details [ – ]
Master lessee | Maldives Bay Pvt Ltd, a subsidiary of Banyan Tree Holdings Limited |
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Term of lease | 10 years from 1 February 2023 |
FY 2023 Key Financials [ – ]
Rental income | S$8.5 million (2) (US$6.3 million) |
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Net property income | S$8.2 million (2) (US$6.1 million) |
Average occupancy rate | 62.2% |
- (1)The property was valued by Colliers International Consultancy & Valuation (Singapore) Pte Ltd using the Discounted Cash Flow approach.
- (2)Based on the average exchange rate of US$1.00 = S$1.3425.
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