Estithmar Holding announces Rosewood Ranfaru Maldives Resort opening in 2025
Maldives New and Upcoming resorts
16 March, 2023
Estithmar Holding, the Qatari investment company known for its commitment to excellence, is embarking on an exciting new project to develop one of the world's most luxurious resorts in the Maldives.
The resort is projected to be one of the world’s most luxurious resorts and will be developed by Royal Resorts, a subsidiary of Istithmar Holdings. Rosewood Ranfaru Resort is anticipated to open in the first quarter of 2025. This will be Rosewood Hotels & Resorts’ first property in Maldives.
Istithmar Holdings will invest $343 million into the development of the ultra-luxury resort. It is projected the property will be home to 94 one-bedroom villas, 26 two-bedroom villas, 6 three-bedroom villas, 2 four-bedroom villas, and 5 luxury private islands. The resort will also have world-class restaurants, a wellness center, water park and beach club.
Mr. Moataz Al-Khayyat, Chairman of the Board of Directors of Istithmar Holding noted that investment opportunities in Maldives are very flexible, stating, “Investment opportunities in the Maldives are highly flexible, and the investment environment is encouraging and plays an active role in stimulating the global private sector to innovate a number of projects that enhance tourism and entertainment programs.”
The President of Rosewood Hotel Group, Mr. Rodha Arora remarked on the property’s development, “We are very pleased to cooperate with Istithmar Holding Company to launch a luxury resort with the highest luxury specifications, and the Rosewood Group is very excited to work on this project and put the Rosewood name in the Maldives. This project is part of our global plan to expand and create new architectural masterpieces and tourism experiences that are the first and best of their kind.”
The Rosewood resort in the Maldives is set to become the ultimate destination for luxury travelers, combining the unparalleled experience of Rosewood and its expertise in operating more than 30 hotels in 16 countries around the world. Guests are sure to be left in awe of the stunning architecture, breathtaking views, and exceptional service that this resort will offer.
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