SHR plans to launch property in the Maldives by 2023
published :
15 Jul 2021 at 04:00
With a promising outlook for tourism in the Maldives, S Hotels & Resorts (SHR), a hospitality arm of SET-listed Singha Estate, will launch its new property SO/ Maldives valued at US$60 million (1.9 billion baht) by 2023.
Dirk De Cuyper, chief hospitality officer at SHR, said construction of the 80-villa property will start in November this year on the third island of the Crossroad Maldives project, SHR's integrated resort project at Emboodhoo Lagoon.
The development, owned through an equal joint venture with Myanmar-based Wai Eco World Developer, will be the third property in the Crossroads Maldives project, following SAii Lagoon Maldives and Hard Rock Hotel Maldives which opened in September 2019.