Malta-based luxury hotels operator Corinthia has signed a management agreement to open and operate a new luxury resort in the Maldives.
The luxury resort is being developed by Maarah, a Maldivian entity of the UAE-based company Maarah Holdings, which is registered under the Dubai International Financial Centre, of Niro Investment Group.
Corinthia said that early reclamation works and the initial phase of development of the new resort have already started.
The location, selected by the company on Kaafu Atoll, covers two islands, of which the larger one will feature a 73-key resort and the second or the smaller one will be a private island dedicated for exclusive use.
The resort will offer various luxury amenities to its guests, including multiple fitness areas, wellness facilities and a total of five in-house dining options operated by international brands.
This luxury Corinthia Maldives property is expected to open in the fourth quarter of 2025.
Corinthia Hotels CEO Simon Naudi said: “We are thrilled to announce the arrival of Corinthia in the Maldives. Together with our partners, the developers, we will work to create a unique architectural statement that will delight the senses.”
Once open, Corinthia Maldives is expected to have an aquatic-inspired architecture, designed by HKS.
Apart from HKS, the resort’s project is being supported by various other contractors and engineering companies, such as Maldives Transport and Contracting Company as the prime contractor for land reclamation and shore protection works.
RLB Hoolooman is serving as the project manager, China State Construction is working as the general contractor and Beaufort Global is the asset manager.
Maarah Holdings and Maarah managing director René Beil said: “We are excited about this milestone Maldivian luxury resort development, which is located only 15 minutes from Male International Airport and which will provide long-term local employment opportunities whilst contributing towards the growing destination tourism economy of the Maldives.”