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Minor Hotel Group Buys 50% Stake In Per AQUUM

Minor Hotel Group Buys 50% Stake In Per AQUUM

Partnership with Universal Enterprises Maldives will see more Per AQUUM hotels across Middle East, Asia, Indian Ocean and Africa.

Minor Hotel Group (MHG) has bought a 50 per cent stake in Per AQUUM Retreats Collection, worth $4 million, after forming a strategic partnership with Universal Enterprises Maldives.

Per AQUUM’s portfolio currently comprises three properties – Desert Palm in Dubai and two in the Maldives, Huvafen Fushi and NIYAMA.

MHG and Universal plan to develop the Per AQUUM brand under Minor’s management, with a view to securing more properties across the Middle East, Asia, the Indian Ocean and Africa.

MHG previously partnered with Universal Resorts for the launch of three luxury resorts in the Maldives in 2006 and 2007, Anantara Dhigu Resort & Spa, Anantara Veli Resort & Spa and Naladhu Maldives.

Anantara Dubai Palm Jumeirah Resort & Spa aims to open in September.

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