International Hotel Investments plc - New Corinthia Resort in the Maldives

On 17 May 2023, International Hotel Investments plc announced that its hotel operating arm Corinthia Hotels Limited signed a management agreement to operate a luxury resort in the Maldives. The developer of the resort is Maarah Pvt Ltd, which is part of Niro Investment Group.

The resort is located on the Kaafu Atoll and early works on reclamation and the first phase of the development have commenced, and it is expected to be completed in 2025. Corinthia Resort Maldives will feature two islands hosting a 73-key resort on the larger island and a smaller private island for exclusive use.

Commenting on the announcement, IHI CEO Mr Simon Naudi stated: “We are thrilled to announce the arrival of Corinthia in the Maldives. Together with our partners, the developers, we will work to create a unique architectural statement that will delight the senses.”