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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.