International hotel chains express interest in Herethere

Thursday, 11 March 2010 14:27

Four international parties have expressed interest in managing Herethere Island Resort in Addu Atoll, Maldives Tourism Development Corporation (MTDC) has said.MTDC opened the opportunity on February 6, for interested parties to submit proposals before March 9, and there were no local proposals, the company said.
The companies include, Santra Hotels and Resorts of Thailand, Amaary Kalaz and Rhythms of Thailand, Pan Pacific Hotel Group of Singapore and Switzerland’s Mövenpick Hotels and Resorts.Santra Hotels has 30 years of experience with 20 resorts in operation while Amaary currently manages 11 resorts with 45 years of experience in the industry. Pan Pacific Hotels, formerly Hotel Plaza Limited (HPL) has 30 resorts and hotels in operation and Mövenpick runs 90 hotels specializing in first-class service.
MTDC said it would provide opportunities to submit bids, after evaluating the interested parties, according to the Memorandum of Information (MOI). The MOI requires MTDC to complete the evaluation process within seven days and give a 21-day period for submission of bids.“The Directors Board will decide on the eligible bidders after considering the proposals. We shall provide the opportunity to all the eligible parties,” an MTDC official said.According to the tender announcement, the opportunity to submit proposals was open to both local and international parties with a minimum experience of running a four star, 300-bed hotel for five years.
The applicant should be able to procure funds from an international bank and pay a non-refundable deposit of US$ 7-10 million to MTDC, at the time of signing the contract.MTDC also requested the companies to submit supporting documents as proof for their experience, financial situation and availability of funds.

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