UPDATE FROM THE ‘SINKING’ MALDIVES
Brainwashed Climate Alarmists and Labor & Green members of parliament believe that Maldives is sinking under rising sea levels as ‘’climate refugees’’ flee the islands in their thousands - and this is why Australia must close down all its coal-fired power stations and cede power to U.N bureaucrats.
But meanwhile, back in the real world .....
MALDIVES HOTEL TRANSACTIONS TO HIT RECORD HIGH AS INVESTMENTS POUR IN
https://globalexpatrecruiting.com/maldives-hotel-transacti…/
Having seen significant increase in investment from new sources, Maldives’ hospitality industry is on course to see its most active year with more than US$450 million worth of resort transactions either completed or under offer, according to real estate consultancy JLL.
Traditionally dominated by Asian investors, the Maldives is now attracting new sources of cross-border capital from Europe and the US.
Nihat Ercan, managing director and head of investment sales, Asia, JLL Hotels & Hospitality Group, said: “Our clients outside of Asia are starting to show increasing interest in the Maldives, given its reputation as a sought-after tourist destination. We’re confident that investor demand will continue to rise and lift market sentiment.”
In April 2019, German-based Seaside Hotels & Resorts acquired Finolhu Maldives, a resort in Baa Atoll, for approximately US$90 million. JLL Hotels & Hospitality acted on behalf of the seller, Coastline Group of Companies.
This is the second transaction by JLL Hotels & Hospitality in the Maldives this year. In February, the real estate firm was involved in the sale of Conrad Maldives Rangali Island resort, part of Hilton Worldwide Holdings, to American investment firm Blackstone.
GLOBALEXPATRECRUITING.COM
