A subsidiary company of Thai hotel chain Dusit Thani has acquired a partially-constructed 100 villa on Mudhdhoo Island in Baa Atoll, reports the Phuket News.
The resort, which is 80 percent complete, was acquired under a 33 year lease at a cost of US$60 million. Completing the resort is estimated to cost a further US$17 million.
Other Thai hospitality companies active in the Maldives include Anantara and Centara.
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