AVANI Hotels and Resorts has announced the development of its first resort in the Maldives. AVANI Fares Maldives Resort will be located on Fares Island in Baa Atoll and is scheduled to open in the fourth quarter of 2019.
This USD 70-million resort development project is a joint venture partnership between Minor Hotels and Cyprea Group. Cyprea Group's diversified Sri Lanka and Maldives business portfolio includes ownership and operation of Club Med Kani Maldives Resort located in North Male' Atoll.
The resort's secluded northern location is easily accessible and is 45 minutes by sea plane from Male and 30 minutes by speedboat from the newly opened domestic airport on Baa Atoll. AVANI Hotels & Resorts was launched in 2011 as a sister brand to Anantara Hotels, Resorts & Spas, which currently has three resorts in the Maldives, including Anantara Kihavah which is also located in the Baa Atoll.