Urbanco, a leading name in property development, has extended an invitation to entrepreneurs and investors to be part of an exciting venture – the development and operation of boutique hotels in the thriving Urban Isle project, nestled within Hulhumale'.
The initiative comes after Urbanco's unveiling of plans this July, which earmarked seven distinctive plots exclusively for boutique hotel enterprises. Currently, three of these prime plots are available for lease, presenting an enticing opportunity for ambitious business minds. Those interested in partaking in this burgeoning endeavor have until October 1st to submit their Expressions of Interest (EOIs).
Urbanco's vision for Urban Isle, initiated last November, is to create an independent tourism hub that seamlessly connects Male' City with the country's primary economic center. Encompassing a sprawling 23 hectares, this ambitious project promises diverse accommodation options and a multitude of amenities.
One unique feature of this opportunity is that potential investors can apply for up to two plots, with each submission requiring a separate EOI. In cases where multiple EOIs are received for the same plot, Urbanco will conduct a closed bidding session to determine the successful applicant.
Urban Isle offers flexible business models for prospective investors, including traditional lease, fixed lease, and joint-venture options. This approach is designed to accommodate a wide range of entrepreneurs, from local businesses to international investors, fostering economic growth and invigorating the tourism and real estate sectors in the Maldives.
Urbanco's invitation to develop boutique hotels within Urban Isle reflects the company's commitment to driving economic prosperity and innovation in the region. By offering such opportunities, it not only bolsters the tourism landscape but also provides a platform for small and medium-sized businesses to flourish in this dynamic market.
As the deadline for EOIs approaches, entrepreneurs are encouraged to seize this golden opportunity and contribute to the exciting growth of Hulhumale's Urban Isle.