Zitahli Resort sold to Singaporean company for USD 31 mn

Zitahli Kuda Funafaru Resort in Noonu Atoll has been sold to Roxy Pacific Holdings in Singapore for USD 31 million (MVR 475 million).

The deal was made on Friday.

Zitahli Kuda Funafaru has 50 villas – 30 water villas and 20 beach villas.

JLL Hotels and Hospitality Group was tasked with selling Zitahli Kuda Funafaru by Three A Group during 2015.