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JLL’s Hotels & Hospitality Group to market Mahadhdhoo Island Resort in Gaafu Alifu Atoll, Maldives 

Singapore, 7 July 2015 – On the back of the successful disposal of Reethi Beach Resort in May, JLL's Hotels & Hospitality Group has been retained by Bank of Maldives to offer for sale Mahadhdhoo Island, situated in Gaafu Alifu Atoll, the Republic of Maldives.

Nestled within the pristine waters of the Maldivian archipelago, Mahadhdhoo Island is accessible via a 45-minute flight to Kooddoo Airport, followed by a 20-minute speedboat journey. Occupying a land area of approximately 119,000 square metres, Mahadhdhoo is one of 82 islands that form the Gaafu Alifu Atoll – home to some of the highest rated luxury resorts in the country. The opportunity allows an incoming investor maximum flexibility to complete the development and operate the hideaway resort based on their specific brand strategy and operational requirements. The island is currently held under a direct head lease agreement with the Ministry of Tourism for a 50-year period expiring in 2056.  

Nihat Ercan, Executive Vice President, JLL Hotels & Hospitality Group, Asia Pacific said, "Mahadhdhoo Island represents an exceptional opportunity for an investor to develop a new resort in an island paradise with stunning natural beauty. Opportunities to acquire resorts with direct government leases are highly-sought after in the Maldives and the new owner may also benefit from legislative amendments allowing for the extension of lease tenures to a maximum of 99 years."

JLL's Hotels & Hospitality Group has sold seven resorts in the Maldives since 2012, taking the group's resort sales in the Indian Ocean to more than USD500 million to date. Interested parties are requested to contact JLL.  


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Notes to Editors:

JLL's Hotels & Hospitality Group serves as the hospitality industry's global leader in real estate services for luxury, upscale, select service and budget hotels; timeshare and fractional ownership properties; convention centres; mixed-use developments and other hospitality properties. The firm's more than 320 dedicated hotel and hospitality experts partner with investors and owner/operators around the globe to support and shape investment strategies that deliver maximum value throughout the entire lifecycle of an asset. In the last five years, the team completed more transactions than any other hotels and hospitality real estate advisor in the world totalling more than US $48 billion, while also completing approximately 4,500 advisory, valuation and asset management assignments. The group's hotels and hospitality specialists provide independent and expert advice to clients, backed by industry-leading research.

For more news, videos and research from JLL's Hotels & Hospitality Group, please visit:, download the Hotels & Hospitality Group app for iOS and Android, or view our e-magazine The Hotel Investor, available for iPad.

About JLL

JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual fee revenue of $4.7 billion and gross revenue of $5.4 billion, JLL has more than 230 corporate offices, operates in 80 countries and has a global workforce of approximately 58,000.  On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3.4 billion square feet, or 316 million square meters, and completed $118 billion in sales, acquisitions and finance transactions in 2014. Its investment management business, LaSalle Investment Management, has $55.3 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit