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Mubadala Development Company developing luxury resort in the Maldives

Mubadala partners with luxury Maldives developer, EoN Resorts, expands exclusive Viceroy Hotels & Resorts brand.

April 6, 2010 3:31 by



Abu Dhabi, 6 April 2010: Mubadala Development Company (Mubadala) has partnered with Maldives-based, luxury hotel developer, EoN Resorts (EoN), to develop an exclusive ultra luxury resort in the Maldives. The hotel will be operated by Viceroy Hotels & Resorts (VHR), of which Mubadala is a 50% shareholder.

Viceroy Maldives is the latest addition to Mubadala Real Estate & Hospitality’s (MREH) growing hotel development and operator portfolio and is part of its broader international strategy to actively drive the expansion of its luxury Viceroy Hotels & Resorts operator brand to key gateway cities and destinations around the world.

Viceroy Maldives is currently under construction on the pristine, crescent-shaped island of Vagaru, located in the Shaviyani Atoll, one hour north of the capital Malé. Due to open in December 2010, this exclusive, 61-key property will be the first Viceroy to open outside of the Americas and follows the recent successful launches of Viceroy Miami, Viceroy Snowmass in Colorado and Viceroy Anguilla in the Caribbean.

Viceroy Maldives will feature 61 luxury villas, situated both over the crystalline water as well as on the beaches that ring the 17-acre Vagaru Island. The villas – amongst the largest in the Maldives – boast from 1,345 to 3,300 square feet of indoor space, with generous outdoor private areas, all including plunge pools. The resort will also offer five unique food and beverage outlets, a spacious over-water spa and fitness center, signature pool and pool deck and full-service watersports activities center, allowing Viceroy guests to take advantage of the world-class diving, fishing and snorkeling available in the resort’s house reef and beyond.

“Viceroy Maldives will offer discerning travelers the ultimate exclusive beachfront villa resort experience with Viceroy’s signature blend of sophisticated luxury, elegant interiors and intuitive, personalized service” said John Thomas, Executive Director of Mubadala Real Estate & Hospitality.

“Viceroy Maldives is an important addition to our hospitality portfolio and a significant step in expanding the luxury Viceroy brand to premium business and leisure destinations around the world,” he added. “We look forward to working with EoN, who has a proven track record of developing world-class properties in the Maldives, on delivering this innovative, five-star resort.”

“We are thrilled to be partnering with Mubadala on this unprecedented project,” said Shuaib Shah, CEO of EoN Resorts. “EoN’s specialized expertise brings exceptional development quality to the luxurious Viceroy Maldives, which will undoubtedly set new standards in luxury accommodation in the Maldives.”

Notes to Editors

About Mubadala Development Company

Mubadala Development Company (Mubadala) is a catalyst for the economic diversification of Abu Dhabi. Established and owned by the Government of Abu Dhabi, the company’s strategy is built on the management of partnerships and long-term, capital-intensive investments that deliver strong financial returns and tangible social benefits for the Emirate of Abu Dhabi, and contribute to the growth and diversification of its economy.

Mubadala brings together and manages a multi-billion dollar portfolio of local, regional, and international investments and partners with leading global organizations to operate businesses across a wide range of industry sectors including aerospace, energy, healthcare, industry, information communications and technology, infrastructure, real estate and hospitality. For more information about Mubadala please visit www.mubadala.ae.

About Mubadala Real Estate & Hospitality

Mubadala Real Estate & Hospitality (MREH) is a business unit of Mubadala focused on domestic and international projects in the real estate and hospitality sectors. A critical component of Mubadala’s broader mission, MREH is responsible for overseeing projects that are part of the development plans of Abu Dhabi and that help drive the local tourism sector.

With a mandate to drive Abu Dhabi’s long-term development and deliver key projects within Plan Abu Dhabi 2030: Urban Structure Framework Plan, MREH develops strategic, large scale commercial, residential and leisure districts to the best standards of quality, functionality and sustainability. Key Abu Dhabi projects include the development of Sowwah Island, Sowwah Square, Arzanah and Mina Zayed Waterfront.

Within the hospitality sector, Mubadala Real Estate & Hospitality is helping to drive the tourism sector by developing world-class hospitality projects in Abu Dhabi, attracting leading hotel operators to the Emirate. MREH also owns 50% of luxury hotel operator Viceroy Hotel Group and has been actively driving its expansion into key gateway cities and leading destinations around the world.

For more information about Mubadala please visit www.mubadala.ae.

About Viceroy Hotel Group

Viceroy Hotel Group delivers one-of-a-kind lifestyle experiences that bring together provocative design and intuitive service in sought-after locations. The current portfolio of managed properties includes two luxury brands, Viceroy and The Tides. Viceroy Hotels & Resorts exemplify a passion for authentic, visionary design and personalized service. Signature Viceroy amenities and services created for the brand’s diverse business and leisure guests include dynamic dining venues featuring world-class culinary talents and destination spas specializing in health, fitness and beauty. Current Viceroy properties include hotels and resorts in Santa Monica, Palm Springs, Miami, Anguilla and Snowmass, Colorado with forthcoming openings in Beverly Hills (in what is currently L’Ermitage Beverly Hills), the Maldives, Mayakoba in Mexico’s Riviera Maya and Sowwah Island in Abu Dhabi. The Tides brand offers chic beachfront backdrops that inspire reconnection through cultural experiences delivered with style and spirit. Every Tides destination interprets indigenous cultural elements, expressed in each property’s décor, cuisine, and spa. The Tides collection includes hotels and resorts in Miami’s South Beach, Mexico’s Riviera Maya and Zihuatanejo, as well as upcoming developments on St. Lucia in the Caribbean, which is currently operating as Jalousie Plantation. The Urban Retreat Collection includes Avalon Hotel in Beverly Hills, Maison 140 in Beverly Hills and Chamberlain in West Hollywood.

About Viceroy Hotels & Resorts

Viceroy Hotels & Resorts captivate discerning cultural connoisseurs with pleasures and privileges that transcend the expected. In skyscraping cities and pacesetting playgrounds, each Viceroy destination inspires a taste for the remarkable. Established in 2001, Viceroy’s original properties debuted in Santa Monica and Palm Springs; its newest incarnations include resort addresses in Miami’s Icon Brickell enclave, on Anguilla in the British West Indies and in Aspen/Snowmass. Viceroy properties in Beverly Hills and the Maldives will be added to the portfolio in late 2010. As the decade continues, additional Viceroy properties will be developed in Mayakoba on Mexico’s Riviera Maya and on Sowwah Island in Abu Dhabi.

The official website for the Viceroy brand is viceroyhotelsandresorts.com.



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