Istithmar Holding Company has revealed the commencement of its latest project, the development of the luxurious Rosewood Ranfaru Resort in the Maldives. With an investment of $343 million, the resort is set to become one of the most luxurious destinations in the world, with a scheduled opening in the first quarter of 2025.
The Rosewood Ranfaru Resort will feature 120 standalone beach and overwater villas, including 94 one-bedroom villas, 26 two-bedroom villas, 6 three-bedroom villas, 2 four-bedroom villas, and 5 luxury private islands. This architectural masterpiece represents luxury and sophistication, making it one of the most desirable destinations for travelers seeking distinction from all over the world.
The resort center will host several world-renowned restaurants, a water park, a spa, a beach club, and many amenities that guarantee guests an unforgettable experience. The Rosewood Resort Ranfaru in the Maldives will undoubtedly provide guests with an unparalleled experience, as it sets the standard for luxury resorts in the world.
The Maldives has long been considered one of the best tourist destinations in the world, with high occupancy rates and average prices throughout the year. The rates of return on investment in tourism in the Maldives are among the highest in the world, making it an ideal location for investors seeking a high return on investment.
Istithmar Holding has a proven track record in the tourism sector, with several successful projects in Qatar, including Oryx Island in Lusail, Maysan Resort in Aspire, and Katara Hills Resort in Katara. The investment in the Rosewood Ranfaru Resort in the Maldives is a testament to the company's commitment to developing world-class tourism destinations.
Commenting on the investment, Moataz Al-Khayyat, Chairman of the Board of Directors of Istithmar Holding, stated that the investment opportunities in the Maldives are highly flexible and encouraging, playing an active role in stimulating the global private sector to innovate a number of projects that enhance tourism and entertainment programs.
President of Rosewood Hotel Group, Rodha Arora, also expressed his excitement over the cooperation with Istithmar Holding Company to launch a luxury resort with the highest luxury specifications. He stated that the Rosewood Group is thrilled to work on this project and put the Rosewood name in the Maldives. The project is part of their global plan to expand and create new architectural masterpieces and tourism experiences that are the first and best of their kind.
The Rosewood Maldives Resort is set to become the ultimate destination for luxury travelers, bringing together Rosewood's unparalleled experience and expertise in operating more than 28 hotels in 16 countries around the world. With its stunning architecture, stunning views, and exceptional service, guests are sure to live a wonderful experience.