SeychellesPraslin
The Seychelles Grand
$210M
The largest luxury resort on Praslin — 164 keys across 140 acres of granite headland, beach and protected forest reserve.
- Property type
- Island Resort
- Keys
- 164 Keys
- Land area
- 140 Acres
Raa Atoll, Maldives
Asking Price
$185M
Keys
128
Land
62acres
Investment Overview
Price per key $1,445,313. Figures are illustrative and provided for this demonstration only.
The Azure Atoll occupies its own island in the northern Maldives — sixty-two acres of white sand and coconut palm ringed by a lagoon that reaches barely three metres at its deepest point. There is no shared shoreline, no neighbouring development and no line of sight to another property. Guests arrive by seaplane onto a private platform forty minutes from Velana International.
The resort opened in 2016 to a design brief that rejected the region's prevailing thatch-and-teak formula. Villas are low, wide and built from lime-washed concrete, weathered hardwood and glass, each turned a few degrees off its neighbour so that no terrace overlooks another. Sixty-four of the 128 keys sit over water on stilts; the remainder are set back into the island's interior gardens with private plunge pools.
The island's infrastructure was rebuilt in 2022 — desalination, solar array, waste processing and staff village were all replaced under a single capital programme. The result is a resort that runs at roughly 71% renewable supply and holds a rare zero-discharge certification for its lagoon.
The Azure Atoll is offered by a family office consolidating its hospitality holdings. The sale includes the island lease, all improvements, the seaplane platform rights and the operating company. The resort trades unbranded and unencumbered — an incoming owner is free to flag it, place it into a soft-brand collection, or continue the existing independent operation.
Trailing occupancy of 78% is achieved at an average daily rate that sits meaningfully below comparable whole-island product in Baa and Noonu Atolls. Management's own repositioning study projects an ADR uplift of 22–28% under a recognised luxury flag, with no additional key count required.
Development approval is in place for fourteen additional overwater villas along the eastern reef edge, together with a second arrival pavilion. Neither has been commenced.
Location
Register Your Interest
The complete investment memorandum, trading history and tenure documentation are released to qualified buyers following a confirmation of funds and an executed non-disclosure agreement.
SeychellesPraslin
$210M
The largest luxury resort on Praslin — 164 keys across 140 acres of granite headland, beach and protected forest reserve.
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