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Minor Acquires 50% Stake in Per Aquum

Minor Acquires 50% Stake in Per Aquum

Minor Hotel Group has announced a US$4 million (€3m) investment in the luxury boutique hotel brand Per Aquum Retreats, Resorts & Residences, equating to a 50% stake in the lifestyle brand. As part of this strategic partnership with Universal Enterprises, Maldives, MHG and Universal plan to jointly develop the brand to encompass at least five additional properties within the next five years.

Huvafen Fushi, Maldives

Per Aquum currently has three award-winning properties – two in the Maldives, Huvafen Fushi and Niyama, and Desert Palm in Dubai. The addition of the three Per Aquum resorts takes MHG’s overall portfolio to 91 properties in operation across 12 countries.

Niyama, Maldives

Desert Palm, Dubai

Al Yamm Villa Resort

Meanwhile, Minor brand Anantara Hotels, Resorts & Spas has opened its 23rd property and the fourth in Abu Dhabi – the Anantara Sir Bani Yas Island Al Yamm Villa Resort.

Sir Bani Yas Island is the largest natural island in the United Arab Emirates and is home to one of the region’s largest wildlife reserves that was established in 1971 by the country’s late ruler and founder. The island showcases its natural surroundings through a wide range of activities such as nature and wildlife drives, mountain biking, archery and hiking, plus diving, kayaking and snorkeling, which are all available at the recently opened Desert Islands WaterSports Centre.

Anantara Sir Bani Yas Island Al Yamm Villa Resort, Abu Dhabi

The new 30-villa resort is located on the eastern shores of the island and complements the existing Desert Islands Resort & Spa by Anantara that opened on the island in 2009.

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NEIL STEEDMAN has been a trade journalist, editor and proofreader for 53 years, and ITTN's News & Features Editor for 43 years. His travel blog is at www.thetravelbuddhist.com.

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