Cheval Blanc Randheli finds new Abu-Dhabi owner

The luxury tourist resort Cheval Blanc Randheli has been sold at a whopping USD216 million to a new buyer.

Recent reports confirm that the luxury tourist resort had found its new buyer in an Abu-Dhabi based hospitality group.

Meanwhile, this transaction becomes the first time in Maldivian tourism history where a local property had been sold for a significantly expensive value. According to Gulf News, the Murban owned luxury resort was sold to Abu-Dhabi’s International Holding.

The International Holding itself is a subsidiary of Alpha-Dhabi Holding, reported Gulf News.

With the acquisition of Cheval Blanc, this becomes the group’s third such acquisition from Murban. Earlier, the Alpha-Dhabi sister company had purchased both Saint-Regis at Abu-Dhabi as well as Luxury Collection Desert from Murban.

Moreover, Alpha-Dhabi had recently acquired Etihad International Hospitality, a prime hospitality management corporation.