Soneva seals Chinese investment

A Chinese private equity company has announced plans to invest in Soneva, the Asian luxury resort operator.

Sailing Capital Overseas Investment Fund has concluded an agreement to become a “significant investor” in Soneva, in a move intended to support the expansion of the company’s portfolio in the Maldives. This deal represents the largest Chinese private investment in the Maldives to date.

“The investment by Sailing Capital marks a new chapter in the development of Soneva,” said Sonu Shivdasani, chairman & CEO of Soneva. “Soneva pioneered luxury hospitality in the region almost 20 years ago and our brand is now synonymous with the Maldives.

“We have exciting plans to develop new resorts in the area, and the scale of this investment demonstrates our confidence in the

future of the Maldivian economy. Our relationship with Sailing Capital will allow us to accelerate these plans for growth.”
James Liu, president & CEO of Sailing Capital Advisors, added that the investment was driven by the popularity of the Maldives as a destination for Chinese tourists.

“The Maldives is one of the most beautiful places in the world and it has become a significant destination for Chinese tourists and investors,” he said. “These issues are of increasing importance to the Chinese government and our people. We are committed to strengthening and expanding Soneva’s presence in the Maldives and beyond.”

Since its split from Six Senses, Soneva now operates just two resorts, including the luxury Soneva Fushi in the Maldives.

sourced:traveldailymedia.com