The bidding period for the management or purchase of Herethera Resort has been extended for the third time by Maldives Tourism Development Corporation (MTDC).
MTDC is still looking for a party to purchase or manage the resort after the last bidding period closed on Sunday (December 16). The latest bidding period will continue until January 21.
The company has not stated why the last bidding period ceased, but on previous instances they said that they had to cancel bids due to a lack of interest from potential investors.
ONYX, a company from Thailand, previously managed the resort until February this year.
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The hotel is nice but the Island doesn't have the maldives appeal and the sea has not same colours than others Atolls. This is why....
There are just too many resorts in the Maldives to cater for the amount of tourists that will pay those sort of hotel rates..The flight from Male to Gan,and that extra cost, makes holidays down on Addu just too dear for ordinary working class tourists..Remember that this class of tourist are the ones that will spend money on the islands,,not like the very rich ,who never leave the resort..The answer is for some Adduan businessman or maybe Addu council to take over Herethera and offer 7 day all-inclusive for under £1000,and it will be full all year,,every year..
Herethera is bad omen, and a merry go round! This will go, on and on!
huh? Wazza matta? Foreign investors, once bitten twice shy! Post-gmr sequel? Or just bad business practice?