Maldives, Hotel Resort for sale, public auction

Malé, Maldives



  • Balcony / Terrace
  • Swimming Pool


  • Not an Option

About Price


Public auction during the period from 16 July 2020 to 04 Aug.2020

Starting price: USD 20 million 

Resort in operation 20 years

No. of rooms: 140

Category: 4 star, renovation is necessary.

Facilities: Restaurant, Coffee Shop, Bar, Spa, Water Sports, Diving Center etc.

Island Size in hectares: 19 (approximately).

Distance: Direct sea plane from Velana International Airport to the island 

Major market: Italy plus Russia, Germany and England

Average Occupancy 75% (used to be)

Average room rate: USD 400 (used to be)

Type of Lease: Head lease with remaining lease period (if the buyer wish to extend the lease period later, which can be done directly with government (for additional payment).

Tourism related tax:

Government lease rent: USD 8 Per Sq. Meter per year (annual land rent will be one million USD dollars; there is a formula/bandwidth to calculate)

Green Tax: USD 6 per night per guest 

TGST (VAT): 12%

Business Profit Tax: 15%

  • ID: 15717
  • Views: 831
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