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FINANCIAL NEWS
Qatari Diar buys stake in Seychelles resort
27 Mar 2010
(MENAFN) Qatari Diar Real Estate Investment Company announced that it has reached a deal with Tsogo Sun Holdings to acquire a 50 percent stake in the Maia Luxury Resort and Spa in Mahé, Seychelles, Reuters reported.
Maia Luxury Resort and Spa, which opened in September 2006, is one of the most exciting resorts in the Seychelles. Maia, theSeychelles’ all-villa resort and a member of Leading Small Hotels of the World, stretches 30 acres on the southwest coast of the island of Mahé.
Each of its 30 spacious one bedroom villas has uninterrupted ocean views, some nestled on the white sandy beaches and others perched high on the mountain top with panoramic views. Maia Spa consists of three pavilions set within the mature private rock gardens of the resort. Each pavilion has an open-air treatment room, private garden and private bathing area.
Launched in 2004, Qatari Diar is wholly-owned by the Qatar Investment Authority and currently has more than 35 real estate development projects active in more than 20 countries around the world.
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