Underscores Commitment to Investing in Exceptional Businesses, Expanding Tourism and Supporting Economic Growth in the Maldives LONDON , Aug. 14, 2024 /PRNewswire/ -- KSL Capital Partners, LLC ("KSL"), a leading investor in travel and leisure businesses, today announced its affiliates will invest $21 million in the W Maldives to fully renovate the resort and plan to recommence capital spending at the Sheraton Maldives Full Moon Resort & Spa ("Sheraton Maldives") to continue investing in one of the most expansive luxury properties in the Maldives . The $21 million investment will support a comprehensive renovation of the W Maldives that is designed to upgrade virtually all aspects of the resort.
The renovation commenced earlier this year, and the W Maldives will remain temporarily closed to guests. It is expected to reopen in late 2024. Located on the private island of Fesdu in North Ari Atoll, the W Maldives comprises a combination of 77 overwater or beach bungalows with private pools and direct beach or sea access.
Guests of the W Maldives can enjoy the resort's six restaurants and bars, a world-class spa and snorkeling and diving at one of the best house reefs in the Maldives . KSL suspended its capital spending plans at the Sheraton Maldives earlier this year and had been in discussions with the Government of Maldives about the future of the resort. Electing to move on from those discussions, KSL plans to recommence its phased capital improvement plan to maintain the Shera.