Thai firm Dusit Thani acquires incomplete resort on Mudhdhoo

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.