Hotels

Qatar Diar acquires 50pc ownership of Seychelles resort

QATARI DIAR Real Estate Investment Company, in an agreement with Tsogo Sun Holdings, one of South Africa's most successful entertainment and hospitality groups, has acquired a 50 per cent stake in the MAIA Luxury Resort and Spa in Mahé, Seychelles. The agreement was announced at a signing ceremony today at the Intercontinental Hotel Paris Le Grand during the Fifth Finance and Investment in Qatar Forum.
Speaking on the occasion, Ghanim bin Saad al-Saad, QATARI DIAR’s managing director, said: "We are honoured to be partnering with the Tsogo Sun Holdings, one of Africa's premiere hospitality groups, and to further our investment and commitment to the beautiful country of Seychelles. We are excited to be a part of the country's growth, not only through MAIA Luxury resort, but also through our own recently launched resort project. We look forward to expanding our commitment to the people of Seychelles and throughout Africa in the years to come."
MAIA Luxury Resort and Spa, which opened in September 2006, stretches 30 acres on the southwest coast of the island of Mahé. Each of its 30 spacious one bedroom villas has uninterrupted ocean views.
 

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