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Asia Prestige Management to Invest in Ranveli Island Resort in Maldives
Wednesday 14 March 2018

14 March 2018 - Hong Kong-based property investment and hospitality management company Asia Prestige Management (APM) has secured Ranveli Island Resort located in the South Ari Atoll of Maldives expand into key Asian markets, the company said.
Terms of the transaction were not disclosed.
The resort will be re-branded as Zazz Island Resort and is expected to strengthen the presence of APM's Zazz brand.
APM will partner with Unicorn Hotels and Resorts to manage the 100 villas resort, which is scheduled to be opened in the second quarter of 2019.
Unicorn Hotels and Resorts is a Bangkok-based hospitality management company, specialising in full hotel management.
Other projects under the management of APM includes Zazz Urban Thailand (Chaturathit Rd, Khwaeng Bang Kapi, Khet Huai Khwang, Krung Thep Maha Nakhon 10310, Thailand), Zazz Urban Vietnam (28 Su Van Hanh, Ward 9, Dist 5, HCM) and Treasure Oasis Hotel Cambodia (9Khum Svay Dangkum, Krong Siem Reap 63, Cambodia).
AMP Capital is an investment house with over AUD 130bn in funds under management. It is part of the AMP Group, one of Australia's largest retail and corporate pension providers.
Date Published: 14/03/2018
Target: Ranveli Island Resort
Country: Maldives
Sector: Hotels/Restaurants/Casinos/Catering
Type: LBO
Status: Closed
Buyer: Asia Prestige Management (APM)
Terms of the deal were not disclosed