Galaxy Enterprises has won the bid to manage Nasandhura Palace Hotel.
The tourism ministry opened up bidding for the hotel on 6 November 2009. Initially 24 parties had purchased the bid documents, however only eight parties submitted.
According to Miadhu, Galaxy has already finalised terms and conditions for managing the hotel.
The Ministry of Tourism and Civil Aviation held a pre-bid meeting for Nasandhura Palace Hotel.
In a meeting held yesterday at Nalahiya Hotel, the ministry opened bids for eight parties and announced the offers.
Nasandhura was the first hotel ever built in Male’ and was opened in 1981. The hotel was mainly used for transfer and business passengers, but is currently being used as a clinic and quarantine centre for suspected swine flu cases.