22 Sep '16, 5pm

New 83-room Maldives resort to be managed by IHG

SINGAPORE-BASED Hotel Properties Limited (HPL) has inked a management agreement with InterContinental Hotels Group (IHG) to manage an 83-room resort. It will be open in Maldives in three to five years' time. This will be the third resort that IHG will be managing for HPL. It will mark the first time that IHG will bring its global luxury brand, InterContinental Hotels & Resorts, to the Maldives, said Jan Smits, IHG's chief executive for Asia, Middle East and Africa (AMEA). The management contract for the upcoming InterContinental Maldives Maamunagau Resort with HPL was confirmed on Monday. Construction has not begun, and neither HPL nor IHG would provide a number on the project's development value. The other two existing HPL resorts managed by IHG are: Holiday Inn Resort Kandooma Maldives, comprising 160 villas, which opened in December 2009; and the 148-room Holiday Inn Re...

Full article: http://www.srx.com.sg/singapore-property-news/24102/new-8...

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