The 40-room Central Hotel in Male’ on the 4,122 square feet G. Sanorage has been sold to Champa Brothers Maldives Pvt Ltd for MVR 11 million (US$713,359).
The hotel was sold along with an adjacent 1,899 square feet plot and 10-storey building on G. Koddhiparuge for MVR 5.9 million (US$382,620).
Both buildings were the source of legal disputes between the previous owners and Champa Brothers. The Civil Court ruled on October 16 (Dhivehi) and on October 23 (Dhivehi) that the estate sales were valid as the transactions were completed and full payments were made by the company.
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