Sanken group invests in Maldivian hotel project

Owners of Cinnamon Red invest on Maldives hotel project Sanken Group, the owners of the recently opened Cinnamon Red Hotel, said this week it was investing in a new US$50 million hotel project in the Maldives.

Set to open in Q1 2016, “Amari Havodda” is owned by Crystal Plaza Resorts, a joint venture between the overseas arm of Sanken, “Sanken Overseas” and a Miami-based Saudi entrepreneur, Laith Pharaon.

The property will have 120 Villas, including 48 Beach Villas, 12 Beach Pool Villas, 58 Overwater Villas and two Overwater Suites, according to a joint media statement.

Commenting on the new deal, Co-owner of Crystal Plaza Resorts, Mevan Gunatilleke said: “We are thrilled to be developing a new upscale property in the Maldives with a strong hospitality brand like Amari. I believe Sanken’s expertise in luxury resort construction for over 30 years in a number of countries, combined with the natural beauty of our hand picked island would produce a highly unique product in the Maldives. We are very excited..”

President and CEO of ONYX Hospitality Group, Peter Henley said:

“Tourism in the Maldives is strong and we see huge potential for an upscale brand like Amari. Our entry into the Maldives with Amari Havodda marks a key step in our international development plan. We look forward to the exciting times ahead as we work closely with our partners to create a contemporary and relaxing haven for future guests.”