Maldives to Implement 17% Tourism GST from 1 July 2025
JLL’s Hotels & Hospitality Group has successfully completed the sale of The Standard, Huruvalhi Maldives, an exquisite 115-key resort located on the southern tip of Raa Atoll. The property, renowned for its prime location offering access to some of the Maldives’ most renowned dive sites in both Raa and Baa Atolls, has set the benchmark for luxury island retreats. As the inaugural property in The Standard Hotels portfolio, it has quickly gained recognition for its innovative design, vibrant atmosphere, and commitment to providing guests with a unique and unforgettable Maldivian experience.
The resort will continue to be operated and managed by Hyatt Hotels & Resorts, ensuring the continuation of its exceptional standards of service and hospitality. The sale is a significant move within the Maldives’ competitive luxury hospitality market, highlighting the region’s strong appeal to international investors. With its exceptional location, world-class amenities, and continued Hyatt management, The Standard, Maldives, is poised to remain a leading luxury destination in the Indian Ocean.
JLL’s Hotels & Hospitality Group offers world-class services in hospitality investment, advisory, and asset management. With over USD 2 billion in resort sales across the Indian Ocean, JLL is strategically positioned to unlock opportunities in the Maldives and beyond.
Featuring iconic resorts like Park Hyatt Maldives Hadahaa and Alila Kothaifaru Maldives, Hyatt continues to strengthen its global presence in the Maldives, one of the world’s premier luxury travel destinations.
