Qatar Diar buys 50% stake in Seychelles resort

Qatari Diar Real Estate Investment Company announced on Thursday that it has reached a deal to acquire a 50% stake in Maia Luxury Resort and Spa in Mahé, Seychelles.

The firms reached the deal terms with Tsogo Sun Holdings, one of South Africa's most successful entertainment and hospitality groups, the Qatari company said in a press release.

Ghanim Bin Saad Al Saad, Qatari Diar’s Managing Director, said: "We are honoured to be partnering with the Tsogo Sun Holdings, one of Africa's premiere hospitality groups, and to further our investment and commitment to the beautiful country of Seychelles.

“We are excited to be a part of the country's growth, not only through Maia Luxury resort, but also through our own recently launched resort project. We look forward to expanding our commitment to the people of Seychelles and throughout Africa in the years to come."

Frederic Vidal, Managing Director of the Maia Luxury Resort and Spa, said, "At Maia we look forward to our partnership with Qatari Diar to continue to provide a one-of-a-kind intimate, peaceful, and private setting for guests to relax and enjoy world-class treatment. Characterised by spacious and discretely hidden villas with lush gardens, luxurious and award-winning food and service, and a spa unmatched in serenity and quality, Maia's promise to guests is that they will leave with their senses restored and their spirit revived- ready to face the world looking fabulous."

Launched in 2004, Qatari Diar is wholly-owned by the Qatar Investment Authority and currently has more than 35 real estate development projects active in more than 20 countries around the world.

Maia Luxury Resort and Spa, stretches 30 acres on the southwest coast of the island of Mahé. It boasts 30 one bedroom villas  and consists of three pavilions set within the mature private rock gardens of the resort.  Each pavilion has an open-air treatment room, private garden and private bathing area, Diar’s press release said.