>

>

Keong Hong announces opening of Mercure Maldives Kooddoo Hotel

By Michelle Zhu

/ The Edge Singapore |

September 26, 2017 10:31 AM SGT

SINGAPORE (Sept 26): Keong Hong Holdings yesterday saw the launch of Mercure Maldives Kooddoo Hotel, the first overseas hotel development to join the group’s two hotels in Singapore along with its overseas property investments.

The hotel was developed by a joint venture (JV) company Pristine Island Investment, which was set up between the group’s wholly-owned subsidiary Keong Hong Construction and its JV partners Sansui Holding, BRC Asia, and L3 Development.

It is managed by the Accor group, and features 68 villas with 43 located over water.

Mercure Maldives Kooddoo Hotel's grand opening on Monday was attended by President Abdulla Yameen Abdul Gayoom of the Republic of Maldives, as well as Singapore’s non-resident ambassador to the Republic of Maldives, Chua Thian Poh.

Taking place on the same day was the grand opening of the expanded Kooddoo Airport, which had completed its extended airport runway from 1200m to 1800m and from category 2C to 3C, enabling the airport to serve private jets, says the group in a press release on Tuesday.

Construction of the airport expansion, which commenced in July 2014, was undertaken by another subsidiary of Keong Hong, KHA Resorts & Hotels Construction (Maldives).

“The opening of Mercure Maldives Kooddoo Hotel and the expanded Kooddoo Airport will bring holidaymakers to the beautiful Gaafu Alifu Atoll and create many job opportunities for the local Maldivians. Kooddoo Airport serves as a gateway to the southern atolls and we intend to keep improving facilities at the airport to meet future demand,” says Keong Hong’s chairman and CEO, Ronald Leo.

Expressing positivity on the outlook for tourism investments in Maldives given strong visitor arrivals from Europe and Asia Pacific, Leo adds that he looks forward to the opening of the group’s second hotel property in the Maldives, Pullman Maldives Maamutaa Resort, in 2019.

Shares in Keong Hong closed 1 cent higher at 48 cents on Monday.

This story, written by Michelle Zhu, first appeared on The Edge Singapore.

Tags:

Keong Hong Holdings

Follow Us

Follow our channels to receive property news updates 24/7 round the clock.

Subscribe to our newsletter

Top Articles

1

Emerald of Katong hits 99% sales at launch, averaging $2,621 psf

2

Kingsford sells 76% of Chuan Park units at an average price of $2,579 psf

3

Is it a Good Deal?: $1.03 million for a four-room HDB flat in District 10

4

Sim Lian Group’s Emerald of Katong: Will it be another top-seller?

5

CDL sells 20% of Union Square Residences at an average price of $3,200 psf

Our Site

Follow Us

Property Research

Condos

HDBs

Landed

Commercial

Industrial

Properties For Sale

Properties For Rent

Edgeprop.sg (previously known as The Edge Property Singapore) is the best property portal for real estate agents, investors, home-seekers and sellers alike in Singapore. On EdgeProp, you will be able to find the latest and hottest property news, property listings, and access tools for your research and analysis.

Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDBs, landed houses, commercial properties or industrial properties, we bring you Singapore’s most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions. Click into any listing to check out the new AI Redesign tool to envision your property based on your preferred style, be it Scandinavian, Minimalist or many others.

Make data-driven property decisions with our easy-to-use free and paid tools. The Edge Fair Value tool lets users calculate the fair value of a property, while the En Bloc Calculator helps to determine the probability of a Singapore project being put up for collective sale. Our whole new Research tool provides you data on past transactions, price trends, and more for condos, HDBs, landed houses, commercial properties and industrial properties.

Aside from that, EdgeProp also offers a market trends tracker that lets you access historical property data, sales volume and compare how similar properties are selling, a heatmap that shows you where Singapore’s most popular property sales locations are, a HDB lease tool to calculate your HDB tenure, an affordability calculator, and property alerts to track your preferred Singapore property by project or location, as well as information on new launches.

On the lookout for undervalued property or looking to rent? EdgeProp’s powerful search filters will let you personalise your property-seeking experience – whether you are looking for a property near MRT stations, amenities like schools, or within a HDB Estate or District – so that you find exactly what you are looking for.

View More

Close Ad

00:00