Travel + Leisure Digital Magazine

The Group has signed a shareholder agreement with the Barceló Hotel Group to develop three hotel complexes in North Male’ Atoll, Maldives, which consists of 470 keys. The total value of the development is estimated at USD 150 Mn, with Barceló investing USD 30 Mn for a stake of 33.33% shares of Bodufaru Beach Resorts Ltd. Apart from the shareholder agreement, Barceló Hotel Group entered into a management agreement to manage 5 leisure properties in Sri Lanka and Maldives. Deploy high-velocity, intelligent edge applications using business and technology services. Discover how you can combine public …