New Maldives Premium Properties in Pipeline for 2023 Openings

Enova Estates SL issued a press release on new resorts expected to open in 2023 in the Maldives. They currently have over 160 island resorts. In spring 2023 the five-star Six Senses Kanuhura will open with 80 private overwater, beach and spacious family villas. Also expected to open in 2023 will be the SO/Maldives from Accor and S Hotels & Resorts. The property will showcase a selection of 80 luxury villas, including beachfront and over-water options on the third island of Crossroads Maldives. Avani Hotels and Resorts announced the opening of their new Maldives property Avani + Fares Maldives Resort on Fares Island in Baa Atoll for 2023. This will be Avani’s first property in the Maldives and will include 176 studios, beach villas and over water villas.

The Lee family has offered a takeover bid for Mulpha International Bhd, a continuation of a trend of privatizations and buyouts of public listed companies in Malaysia. Selangor Properties Bhd and TA Enterprise Bhd are two other companies with Selangor Properties seeing two revisions already for its offer price through selective capital reduction exercises by promoters. In Mulpha’s case, the Lee family offered a price of RM2.30 a share for the remaining 49.8% of the company they do not own. That is a big discount to the reported NAV of RM11.21 per share but the stock trades at a huge discount to its asset value and did so even before Covid hit. Mulpha owns assets such as the InterContinental Sydney Hotel, Australia which has