Ifuru resort, airport put up for sale

The Small Maldives Island Co. has announced the opportunity to own R. Ifuru, which has been developed as four-star resort, its airport, and an untouched island located in B. Atoll – Funadhoo.

TSMIC has announced the property is available for sale for a lease period of 50 years.

Ifuru encompasses a spacious land area of 56.52 hectares. It has 150; six Twin Villas, 100 Duplex Villas, 35 Beach Villas and nine Beach Villas with Pool, creating a maximum bed capacity of 300. The resort also has six restaurants and bars.

Meanwhile, B. Funadhoo encompasses a land area of 11.69 hectares, which can accommodate around 90 villas.

The Small Maldives Island Co. is a joint venture between the Hospitality Strategies Pvt Ltd of Australia and Coastline Investments. The company’s main focus is on resort management in Maldives for Coastline Hotels and Resorts. The company, in addition to Ifuru, manages Amilla Fushi and Finolhu.

The airport in Ifuru is currently managed by Island Aviation – which owns the national airline Maldivian.