A US-based investment firm has bought W Maldives and Sheraton Maldives from Universal.
The resorts are leased to Marriott International, the world’s largest hotel company. JLL, the investment advisor that helped Universal Enterprises announced last month that they sold the properties.
KSL Capital Partners, LLC (KSL) announced on Thursday that its affiliates have acquired the W Maldives and the Sheraton Maldives Full Moon Resort & Spa under a joint venture between Universal Enterprises and Marriott International. Both properties will continue to be managed by Marriott under their existing brands.
KSL Capital Partners said they are focused on investing in well-located, high-quality travel and leisure properties. They noted that Maldives is one of the world’s premier leisure travel tourism destinations and these resorts are two of the best in the market, with the added benefit of being operated by Marriott’s experienced team.
Each resort is located on its own private island. The W Maldives is a short seaplane ride and the Sheraton Maldives Full Moon Resort & Spa is a short speedboat ride from the Maldives Velana International Airport.