CDL Hospitality Trusts buys second Maldives property for US$59.6m

CDL Hospitality Trusts (CDLHT) has extended its foray into the Maldives with its acquisition of Jumeirah Dhevanafushi resort, its second property there, from Xanadu Holdings for US$59.6 million.

The 53,576-square-metre luxury resort, located on the private island of Meradhoo at the southern edge of the Maldives archipelago, comprises 19 beachfront villas, 16 over-water …