Asia Prestige Management (APM), a property investment and hospitality management company based in Hong Kong, had successfully purchased the Ranveli Island Resort in Maldives.
Seaplane view of Ranveli Island Resort. Photo: Asia Prestige Management Limited
The island, strategically located in South Ari Atoll of Maldives, was secured last December 2017. The resort will be re-branded as Zazz Island Resort.
This acquisition is in line with APM's strategy to expand strategically into key Asian markets and to further strengthen the presence of its Zazz brand.
South Ari Atoll offers one of Maldives' most sought-after resort destinations as it is located near Mamigili, which is close to the marine wildlife protected area where whale sharks can be spotted all year round. A seaplane ride transports guests to the island, surrounded by some of the world's finest diving sites.
APM will partner with Unicorn Hotels & Resorts to manage the 100 villas resort which is scheduled to be opened in the second quarter of 2019.
Unicorn Hotels & Resorts is a smart, new-thinking hospitality management company based in Bangkok, specializing in full hotel management, as well as offering a full range of management, operational, technical and development consulting services for hotels, restaurants, bars, clubs and beyond.