Market Appraisal & Feasibility-Island Resort Concept

Market Appraisal & Feasibility-Island Resort Concept -
Thaa Atoll, Maldives

The Maldives Government released eleven uninhabited islands across several atolls for development as new resorts and invited prospective investors/developers to bid for leases on individual islands.

 

The competitive bidding procedure required the submission of an architectural treatment for an eco-friendly resort concept supported by a full market and financial feasibility study, ten year operational forecasts, profit and loss and cash flow statements, a preliminary marketing strategy and a human resources and training strategy.

 

The island was uniquely shaped as an elongated curve 7km long. To take advantage of the physical characteristics of the island whilst avoiding the possible environmental and access problems of too widely spread a resort, this led to the development of a luxury retreat style concept with only 80 water and beach villas supported by restaurant, bar, spa, diving and yachting guest facilities.

 

The consultants worked in collaboration with internationally respected advisors including WATG hotel architects, High Point Rendel and Boyden & Co.


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