The Maldivian luxury resort is Niro Investment Group’s first major international investment in the hospitality industry. What was the business rationale behind your choice of location and business partner?
The choice of the Maldives for Niro Investment Group’s inaugural international investment in the hospitality industry with Corinthia Maldives luxury resort was driven by a strategic and comprehensive business rationale. Renowned for its perpetual sunny weather, warm ocean waters, and pristine beaches, the Maldives holds a preeminent position as the World’s Leading Destination for three consecutive years at the prestigious World Travel Awards 2022, indicating its immense allure to global travelers.
Also, industry experts expressed optimism in the Maldives’ hotel sector, citing its robust growth and resilience even during crises like the COVID-19 pandemic, as well as the Maldivian government’s sustained efforts in supporting foreign direct investments and bolstering tourism infrastructure. Additionally, the expected slowdown in resort room supply growth and gradual growth rates over the next years underscored an attractive investment scenario in the Maldives.
Could you share more details about the project?
Our luxury resort project in the Maldives is an ambitious endeavor that requires building four islands within the picturesque Kaafu Atoll lagoon, with a combined shoreline stretching over 6 km, adorned by pristine white sandy beaches, swaying palm trees, and lush vegetation.
The first island will host a tranquil haven exclusively for adults, perfect for private retreats and romantic getaways. Additionally, it will offer a vibrant array of activities for those seeking dynamic and engaging experiences, such as a superb indoor golf simulator area.
The second resort is tailored for family and friends holidays, offering a vibrant atmosphere and a multitude of entertainment facilities, including an interactive recreational center for kids, a spectacular flow rider, padel & tennis courts.
The third island epitomizes privacy and exclusivity, providing an intimate sanctuary for a select few seeking a luxurious retreat. Lastly, the fourth island is dedicated to vibrant parties and ultimate luxury events, hosting also a water-sport centre for diving and other nautical sport activities.
What are the differentiators from other hospitality projects in Maldives?
Corinthia Maldives truly sets itself apart in the industry through several distinct features that strategically position it within the market. First and foremost, our prime location: situated within the Malé Atoll, a short 15-minute boat ride from Velana International Airport, our project enjoys a strategic position that strikes a balance between accessibility and tranquility, ensuring a sense of privacy.
Our resorts differentiate through dedicated adult and family segments, enhancing guest experience. Diverse villa options cater to varied preferences. We have proactively addressed the evolving trend of intergenerational family travel by incorporating spacious villas accommodating all generations for shared memorable vacations.
Worth mentioning the generous villa interiors that exceed expectations, providing a heightened level of comfort and luxury. These assets coupled with the wide array of dining options across the entire resort, with different themed culinary delights such as Japanese, Argentinian grill, Chinese, Italian and Lebanese are meant to add a remarkable dimension to our guests’ stay.
What other major projects has Niro Investment Group’s in the hospitality industry?
Niro Investment Group embarked on its venture into the hospitality sector five years ago, initiating two groundbreaking projects.
Corinthia Grand Hotel Boulevard Bucharest, located in an iconic building in the very heart of the city, will epitomize the first luxury boutique hotel under the Corinthia brand in Romania. With 30 opulent suites, a Grand Ballroom, an internationally renowned F&B Operator, personalized meeting spaces, and exclusive amenities, this establishment seeks to revive the building’s initial grandeur in harmony with Corinthia’s hallmark standards.
In parallel, Niro Investment Group is building a premium hotel in northern Bucharest under the Swissôtel brand, a flagship of the largest European hotel operator, Accor. Projected to be Romania’s tallest hotel, Swissôtel Bucharest will boast 224 rooms and suites, two dining venues including a rooftop restaurant offering breathtaking panoramic city views, a 22nd-floor swimming pool and dedicated spaces for business meetings and corporate events.
Corinthia Grand Hotel Boulevard Bucharest, Swissôtel Bucharest, and Corinthia Maldives underscore Niro Investment Group’s dedication to enhancing Romania’s hospitality sector and positioning the country prominently in the global luxury tourism landscape.