2018
Client . Soneva Group
Represented Soneva Group, an international hotel company, on the head-lease acquisition of the Dhipparufushi Island, Haa Dhaalu Atoll, Maldives, for the development and operation of a tourist resort hotel.
2018
Client . Keredhoo Investment Pvt Ltd
Represented Keredhoo Investment Pvt Ltd, a subsidiary of the renowned Rainbow Group, on the branding and entering into a hotel management agreement with the Accor Group in respect of Keredhdhoo Island, North Huvadhoo Atoll, Maldives, for development and operation as a tourist resort hotel under the Novotel brand.
2018
Client . China Development Bank (CDB)
Represented China Development Bank (CDB) on the US$ 47 million loan facility to Maldives Airports Company Limited (MACL), the state-owned company which operates Velanaa International Airport (VIA) in Malé, in respect of the development of the new VIA Seaplane terminal.
2017
Client . Bank of Ceylon
Represented Bank of Ceylon (Offshore Banking Division & Malé Branch) on the US$ 15 million syndicated loan financing to Nasandhura Palace Hotel Investment Pvt Ltd, for a high-end mixed development (city hotel, commercial, and residential units) at the iconic Nasandhura Palace Hotel in the Maldives.
2016
Client . Bank of Ceylon
Represented Bank of Ceylon (Offshore Banking Division & Malé Branch) on the US$ 22.5 million syndicated loan facility to Mahogany Pvt Ltd for the development of a deluxe resort hotel on Filaidhoo Island, Raa Atoll, Maldives.
2016
Client . Constance Hotels & Resorts
Represented Constance Hotels & Resorts, owners and operators of the 5-star resort hotel known as Constance Halaveli Resort, Ari Atoll, Maldives, on all matters related to various amendments to the US$ 45.5 million syndicated loan financing from Mauritius Commercial Bank Ltd & Other Lenders.
2015
Client . Bank of Ceylon
Represented Bank of Ceylon (Offshore Banking Division & Malé Branch) on the US$ 30 million loan provided to Housing Development Corporation (HDC) Maldives, for the Phase II, Hulhumalé City, Maldives reclamation and development project.
2015
Client . People’s Bank Sri Lanka
Represented People’s Bank Sri Lanka on all matters related to the US$ 2 million loan facility to S.P.C. Pvt Ltd for the development of a luxury resort hotel on Helengeli Island, Male’ Atoll, Maldives, operated by Atmosphere Resorts & Hotels as Oblu Maldives.
2014
Client . Soneva Group
Represented Soneva Group, an international hotel company, on the head-lease acquisition and development of the Soneva Jani Resort, Noonu Atoll, Maldives, a high-end luxury resort hotel in the Maldives.
2014
Client . Bank of Ceylon
Represented Bank of Ceylon (Offshore Banking Division & Malé Branch) on the US$ 29.4 million budget-support loan provided to the Ministry of Finance & Treasury, Maldives.
2013
Client . Constance Hotels & Resorts
Represented Constance Hotels & Resorts, an international hotel company, on the sublease acquisition of the Constance Halaveli Resort, Ari Atoll, Maldives with a US$ 75 million transaction valuation.
2012
Client . Habib Bank Limited
Represented Habib Bank Limited on matters related to US$ 12 million refinancing transaction with Yacht Tours Maldives in connection with the development of their Maldives resort hotel collection portfolio.
2011
Client . Moofushi Development Limited
Represented Moofushi Development Limited on the US$ 39 million loan facility from the Mauritius Commercial Bank Ltd in connection with the project finance and re-development of the 5-star luxury resort hotel Constance Moofushi Resort, Ari Atoll, Maldives (2011).
2008
Client . Sun Resorts Limited
Represented Sun Resorts Limited, on the head-lease acquisition of Kanuhura Island Resort Maldives, a 5-star luxury resort hotel in the Maldives.
2008
Client . Constance Hotels and Moofushi Investments Pvt Ltd
Represented Constance Hotels and Moofushi Investments Pvt Ltd in the highly complex and protracted dispute resolution process with the previous sublease owners and operators of Moofushi Island Resort (settlement exceeding US$ 9 million), and the subsequent sublease acquisition and development of Constance Moofushi Resort.
2008
Client . Maldives Tourism Development Corporation Ltd (MTDC)
Represented Maldives Tourism Development Corporation Ltd (MTDC), on drafting and finalisation of all bidding documents for public tender bids for the sublease of 5 islands for development as tourist resort hotels.
2008
Client . Sun Resorts Limited
Represented Sun Resorts Limited on the re-financing of the property acquisition costs for Kanuhura Island Resort Maldives by way of a US$ 30 million loan from Mauritius Commercial Bank Limited.
2007
Client . Aitken Spence Hotel Holdings Limited
Represented Aitken Spence Hotel Holdings Limited in connection with the head-lease acquisition of Vaadhoo Island Resort for US$ 13 million, now a 5-star boutique hotel.
Represented Societe De Promotion Et De Participation Pour La Cooperation Economique S.A (PROPARCO) on a US$ 8,700,000 loan facility to Sun Investment Pvt Ltd, in respect of the re-construction of the resort hotel Vilu Reef following the December 2004 tsunami.
2005
Client . Eastinvest Pvt Ltd and Waterfront Pvt Ltd
Represented Eastinvest Pvt Ltd and Waterfront Pvt Ltd in the sublease acquisition, ownership structuring, and US$ 75 million re-development of the 5-star Constance Halaveli Maldives as the first Constance property in the Maldives.
