Maldives hospitality powerhouse, Universal Enterprises sells two of their prized tourism assets; W Maldives and Sheraton Maldives Full Moon Resort & Spa to KSL Capital Partners.
The properties, leased to Marriott International, the largest hotelier in the world, have been some of the most coveted tourist properties in the island nation.
JLL, the investment advisor assisting Universal Enterprises with the trade, announced in June, of selling the properties.
KSL Capital Partners, LLC on Thursday, July 28, announces its affiliates acquiring both W Maldives and Sheraton Maldives Full Moon Resort & Spa; both run under a joint venture of Universal and Marriott.
Following the proprietorship change after the new acquisition, Marriott will reportedly still retain management of the properties under their existing brands.
Meanwhile, KSL remains focused on expanding their investment portfolio in well-located, high-quality travel and leisure properties. The new proprietor claims Maldives being one of the world’s premier leisure travel tourism destinations, with the newly acquired properties being two of the best in the market.