Sri Lankan conglomerate John Keells has announced its plan to open a new resort in the Maldives under the Cinnamon Hotels & Resorts brand.
“The new resort is being opened in light of the group’s concerted efforts to capitalize on the growth prospects of the Maldivian tourism industry,” Krishan Balendra told shareholders. The new property is in close proximity of Velana International Airport.
This would be the fourth Cinnamon property along with Ellaidhoo Maldives by Cinnamon, Cinnamon Hakuraa Huraa Maldives, and Cinnamon Dhonveli Maldives. While the room rates of Cinnamon properties have risen from $309 to $320 in the past year, the group is heavily upgrading their Maldivian properties.
Ellaidhoo Maldives by Cinnamon was refurbished earlier last year whilst Cinnamon Hakuraa Huraa Maldives is under construction to be re-opened as a new luxury beach resort in December 2019.
