Ultra-Luxury Resort Represents First
Property Outside the Americas
(LOS ANGELES, CA – April 6, 2010) -- Viceroy Hotel Group
that the company will unveil the newest addition to its growing Viceroy
Hotels and Resorts collection with the December 2010 opening of Viceroy
Maldives. The property is being developed by
luxury hotel developer, EoN Resorts (EoN), in partnership with Mubadala
Development Company (‘Mubadala’).
Viceroy Maldives, a luxury resort, is currently under
the pristine, crescent-shaped island of Vagaru, located in the
Atoll, one hour north of the capital Male. Due to open in
2010, this exclusive property will be the first Viceroy to open outside
of the Americas and follows the recent successful launches of Viceroy
Viceroy Snowmass in Colorado and Viceroy Anguilla in the Caribbean.
Brad Korzen, Viceroy Hotel Group Founder & CEO,
“The addition of Viceroy Maldives to our resort portfolio, especially
the heels of three 2009 Viceroy openings and our concurrent development
of Viceroy Beverly Hills and Viceroy Abu Dhabi, represents an important
next step in the growth and increasingly global focus of our company.”
The introduction of the 'one island, one resort' concept
the Maldives as a high-end tourist destination. World-renowned
brands have thus been entering the Maldivian market to consolidate
portfolio and strengthen their positions globally.
However, the barrier to entry is very high for new
comers. EoN's diversified
portfolio of Maldivian properties leverages on the strengths of leading
hospitality brands to provide a major point of difference for potential
investors while ensuring financial stability.
Island of Vagaru
Whilst others struggle to overcome the high barrier to
entry into the
Maldivian resort industry, investors and shareholders automatically
in Maldives resort development by partnering with us.
EoN is unique in the Maldives, with:
A growing portfolio of quality properties
Carefully-selected, quality international hotel/resort operators to
the properties, unlike any other in the Maldives
A diversified portfolio capable of withstanding downturns in the market
In-house expertise across the entire project life cycle
Implementation of international project management standards
Industry expertise, with key team members having a set of proven track
records in developing the luxury resort market
The Viceroy Maldives resort will feature 61 luxury villas,
both over the crystalline water as well as on the beaches that ring the
17-acre Vagaru Island. The villas – amongst the largest in the
–will boast from 1,345 to 3,300 square feet of indoor space, with
outdoor private areas, all including plunge pools. The resort
also offer five unique food and beverage outlets, a spacious over-water
spa and fitness center, a signature cantilevered pool and pool deck and
a full-service dive and watersports activities center, allowing Viceroy
guests to take advantage of the world-class diving, fishing and
available in the resort’s house reef and beyond.
Mubadala is a 50% shareholder in Viceroy Hotel Group, and is
driving the expansion of the luxury Viceroy Hotels and Resorts brand
key gateway cities and destinations across the globe.
|Mubadala Development Company
Viceroy Maldives is the latest addition to Mubadala Real
Hospitality’s (MREH) growing hotel development and operator portfolio
is part of its broader international strategy to actively drive the
of its luxury Viceroy Hotels & Resorts operator brand to key
cities and destinations around the world.
“Viceroy Maldives will offer discerning travelers the
beachfront villa resort experience with Viceroy’s signature blend of
luxury, elegant interiors and intuitive, personalized service” said
Thomas, Executive Director of Mubadala Real Estate & Hospitality.
“Viceroy Maldives is an important addition to our
and a significant step in expanding the luxury Viceroy brand to premium
business and leisure destinations around the world,” he added. “We look
forward to working with EoN, who has a proven track record of
world-class properties in the Maldives, on delivering this innovative,
“We are thrilled to be partnering with Mubadala on this
project,” said Shuaib Shah, CEO of EoN Resorts. “EoN’s
expertise brings exceptional development quality to the luxurious
Maldives, which will undoubtedly set new standards in luxury
in the Maldives.”
For additional information on the Viceroy Maldives resort, the
addition to Viceroy Hotels and Resorts, visit
More information on Viceroy Hotel Group can be found at www.viceroyhotelgroup.com.
About Viceroy Hotel Group
Viceroy Hotel Group delivers luxury lifestyle experiences that marry
provocative design and intuitive service in sought-after locations.
hotels under third-party agreements, Viceroy Hotel Group operates two
brands, Viceroy Hotels & Resorts and The Tides. Current Viceroy
include hotels and resorts in Santa Monica, Palm Springs, Miami,
and Snowmass, Colorado as well as forthcoming openings in Beverly Hills
(currently L’Ermitage Beverly Hills), The Maldives, Mayakoba in
Riviera Maya and on Sowwah Island in Abu Dhabi. The Tides collection
resorts in Miami’s South Beach, the Riviera Maya and Zihuatanejo,
as well as a forthcoming development on St. Lucia in the Caribbean,
Jalousie Plantation. Viceroy Hotel Group’s Urban Retreat Collection
Avalon Hotel in Beverly Hills; Maison 140 in Beverly Hills; Sheraton
in Santa Monica and Chamberlain in West Hollywood.
About Mubadala Development Company
Mubadala Development Company (Mubadala) is a catalyst for the economic
diversification of Abu Dhabi. Established and owned by the
of Abu Dhabi, the company’s strategy is built on the management of
and long-term, capital-intensive investments that deliver strong
returns and tangible social benefits for the Emirate of Abu Dhabi, and
contribute to the growth and diversification of its economy.
Mubadala brings together and manages a multi-billion dollar
of local, regional, and international investments and partners with
global organizations to operate businesses across a wide range of
sectors including aerospace, energy, healthcare, industry, information
communications and technology, infrastructure, real estate and
For more information about Mubadala please visit www.mubadala.ae.
About Mubadala Real Estate & Hospitality
Mubadala Real Estate & Hospitality (MREH) is a business unit of
Mubadala focused on domestic and international projects in the real
and hospitality sectors. A critical component of Mubadala's
mission, MREH is responsible for overseeing projects that are part of
development plans of Abu Dhabi and that help drive the local tourism
With a mandate to drive Abu Dhabi’s long-term development and deliver
key projects within Plan Abu Dhabi 2030: Urban Structure Framework
MREH develops strategic, large scale commercial, residential and
districts to the best standards of quality, functionality and
Key Abu Dhabi projects include the development of Sowwah Island, Sowwah
Square, Arzanah and Mina Zayed Waterfront.
Within the hospitality sector, Mubadala Real Estate &
is helping to drive the tourism sector by developing world-class
projects in Abu Dhabi, attracting leading hotel operators to the
MREH also owns 50% of luxury hotel operator Viceroy Hotel Group and has
been actively driving its expansion into key gateway cities and leading
destinations around the world. The development of Viceroy Maldives
this growth strategy.
For more information about Mubadala please visit www.mubadala.ae.