Mubadala set to open Maldives resort in 2011

Mubadala's Viceroy hotel is located on the 17-acre Vagaru Island.

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Abu Dhabi's Mubadala Development Company has announced that its luxury Viceroy Maldives resort will officially open on September 1, 2011.

The resort is being developed by Vagaru Holdings Pvt Ltd, a joint venture between Mubadala and Maldives-based luxury hotel developer, EoN Resorts. It falls under the expanding portfolio of the Viceroy Hotels and Resorts brand.

Mubadala is a 50% shareholder in Viceroy Hotel Group, and is driving the expansion of the hospitality brand into key global destinations. The Maldives property is the first Viceroy resort outside of North America.

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“Mubadala’s approach of building successful partnerships with leading developers and brands has been critical to the delivery of this important project for Mubadala,” commented Peter Wilding, associate director, Mubadala Real Estate & Hospitality.

“The international expansion of Viceroy is central to our hospitality strategy so I’m delighted that Mubadala and its partners are able to make this announcement today. I look forward to the official opening in September," he added.

The intimate 61-bungalow resort is set on the archipelago’s pristine 17-acre Vagaru Island.