Olhuveli Laamu Holdings has sold the Six Senses Laamu resort in the Maldives to Leisure Frontiers Limited, a subsidiary of Singapore-based Hotel Properties Limited.
Six Senses Hotels, Resorts & Spas will continue to manage the resort, which opened in 2011 and features 70 over-water villas and 27 beachfront villas.
“The Maldives is one of the world’s strongest gateway resort destinations and has had a phenomenal first half of the year, with visitor arrivals up 17% over the same period last year,” said Nihat Ercan, senior vice president, investment sales, Asia, Hotels & Hospitality, for Jones Lang LaSalle, which advised Olhuveli Laamu Holdings on the sale. “Average room rates in the Maldives significantly outpace all other resort markets, and a continued positive outlook has the island nation firmly on investors’ radar, in particular amongst purchasers from Asia and the Middle East.”