Jumeirah expands in Maldives

Dubai’s luxury hospitality firm Jumeirah Group, a unit of Dubai Holding, said on Wednesday it signed its second hotel management agreement in the Maldives, as part of its global expansion plans.

The deal, signed with Xanadu Holdings, brings the total number of properties under development or in operation by the group globally to 42, Jumeirah said in a statement.

The luxury hotelier said the deal will see it managing Jumeirah Meradhoo, a new 5-star resort in the south of uninhabited island of Male Atoll, owned by Xanadu Holding.

“This is the second phase of the group’s expansion strategy in an area which is recognised as the world’s top luxury resort destination,” Jumeirah said.

The exclusive resort will be the second addition to Jumeirah Maldives, its first development in the Maldives.

The company said last October it would have 60 properties either in operation or under development by 2012 as it expands outside its home market in the United Arab Emirates in a bid to rival other international hotel operators.

In April, the luxury hotelier said it was still “committed” to its global expansion programme despite the financial downturn.

Jumeirah is owned by the ruler of Dubai.

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